Big Picture

SP-500 (Weekly) Bearish

• SP-500 in Bearish fork
• Bear Points
• Broke mid-line 
• MACD Bearish
• Break below 1250 would be very bad for the bulls
• Bounce is due to the 1370-1400 level
• Break above 1405 would be Bullish
• Break above 1450 would end the Bear fork