S&P 500 Bearish Target.

DAILY CHART

Weekly chart:

3hourly chart look. More upside to go; to retest 200 SMA

Expected S&P 500 to retest 200 SMA and fail on the daily, according to my previous 22Mar20 post.
QUOTE: "Easter 11 Apr 2020 update and re-look at the SPX chart"

Continue from previous chain of analysis:

Historical comparisons (11Mar20 post):

Comment:

Note that the orange line on the OP chart is the 1200 SMA on the 4hrly chart; which is equilivalent to the 200 daily SMA.
e.g. 24 (hr/day) / 4 (hr) * 200 (days*candles) = 1200 (candles)

Comment:

3May20 Daily Chart Update:

Comment:

Sell signal triggered on CYBER ENSEMBLE {PREMIUM}