The positive divergence for the indicators bounces price higher starting a couple hours ago after the lower low in price. The money flow remains weak and bleak but the other indicators are more content on creating a recovery move. There is a gap fill needed at 2033-2035 another excuse for price to back test the 200 EMA at 2038-2039. Projection is for sideways from here into the weekend probably setting up the bounce or die decision at the 2033-2038 area. This decision will be critical. Bulls win big if they punch up through the 200 EMA at 2038-2039 and higher while the bears will win big if the SPX is rejected at 2033-2038. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added 3:53 PM: Interestingly, the weak and bleak money flow indicator drags the SPX lower for a lower low for price and a nasty finish into the closing bell. The SPX drops to 2003-2005.