S&P500 (a 4-hour chart)
The index had a negative day on Tuesday. The price moved away from the resistance 2180 towards the support at 2165. The instrument bounced downwards from the 50 and 100 Day EMAs which are parallel to each other. The S&P500 is in-between the 200-EMA and the 100-EMA in the 4 hours chart. The resistance is seen at 2180, the support is at 2165.
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 moved away from the oversold area and is neutral now.
The index now seems to be heading towards its immediate support near 2165. Break below 2165 would open the way to 2150.