SPX is facing bearish pressure. Potential drop.

Description:
Price holding below descending trendline resistance. With MACD starting to cross below 0, further bearish momentum can be expected. A drop below our pivot at 3924 towards 1st support at 3860 can be possible. Otherwise price could swing the other way towards 3950 1st resistance.

Pivot: 3924
Supporting Points:
Descending trendline resistance

1st Support: 3860
Supporting Points:
-61.8% Fibonacci retracement

1st Resistance: 3950
Supporting Points:
Graphical swing high
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