S&P_ the monthly closed into a downtrend. the weekly trade has closed at the 1368 target.
price is above critical moving averages and the pressures are near the over bot levels, suggesting some relief from this move down.
the daily trade is down but at the 1365 target. expect consolidation and a possible move up.
a trade up through 1415 would signal a new move up.
a shorter cycle trade up through 1382 would test that longer cycle entry price.
a failure of this 1365 support level would quickly send the market down to 1324.