S&P 500

On the daily chart, we can see that the S&P 500 continues to rollover with the trend now looking clearly bearish as the price keeps on printing lower lows and lower highs with the moving averages being crossed to the downside. The sellers continue to pile in at every support break with the next one coming at 4946. The buyers, on the other hand, will need to break some key levels on the lower timeframes to start targeting new highs.