S&P500 Index Fighting hard for support at the top end of the cloud! Downside risk going up!

S&P500 Index Fighting hard for support at the top end of the cloud! Downside risk going up! Need to get a rebound from this cloud chart support zone. If support fails and the SPX closes and trades below the bottom end of the cloud outlook changes from bullish to bearish on the daily cloud chart!

Outlook remains bearish long-term on the weekly cloud chart since price action is below the cloud. There was a great swing trade rebound from old support levels back up to the bottom end of the cloud! Bottom end cloud chart resistance held and the market been selling off since hitting that zone!