SP500 (a 4-hour chart)
The S&P500 fell on Thursday on the back of Ford shares decrease. The Ford shares fell amid the weak corporate report.
The index showed mixed dynamics. S&P500 was decreasing the first part of the day and grew the second one. The trading instrument closed the day bullish. The resistance is seen at 2165, the support is at 2150.
MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI is neutral.
The trading instrument broke under the 50, 100 and 200 EMAs for a while and returned above the moving averages in the 1 hour chart. The moving averages form a narrow channel.
The upward bounce potential targets are 2165 and 2180. If the price falls it will get to 2150.