S&P500 (a 4-hour chart)
Wall Street opened lower on Tuesday as oil prices decline weighed on energy stocks.
The index retreated from the recent high ahead of the US opening. S&P500 suffered a short lived downward movement towards 2150. Prices bounced from the 200-EMA in the 4 hours chart. S&P500 is between 50 and 200 EMAs now. All moving averages kept heading lower. The resistance is seen at 2165, the support is at 2150.
MACD decreased which indicates the buyers’ positions weakening. RSI is within the neutral area.
After breaking through 2150 support, the index will most likely move down to around the 2140 mark.