S&P 500 the Bearish Engulfing top and reversal candle from 27th of July and the RSI and MACD divergence are still in play with the correction currently unfolding after the Index closed below 4,527.
Tuesday the Index bounced off the lower rising trendline and buyers might try to lift the S&P500 back above 4,527.
However, even if they succeed the correction is still in play unless the Index is closing above 4,607
A close below the lower rising trendline is likely to also break below the support at around 4,455, which is likely to lead to a sell-off down to around strong support at around 4,340