Resistance ahead

First chart is a short-term chart of the SPX 60 Min.  One thing to notice is the resistance above now.  SPX yesterday broke through key support levels on this chart and the daily.  SPX is now below its 50 and 200EMA. On the short-term chart, SPX is below all its moving averages and they are in a bearish formation. 
Short-term this chart looks oversold, but the question is how the oversold is last week the market chopped around and climed 20 points then dropped off.  With resistance above it might be hard to climb to work off the oversold condition. 

 

Daily chart- 900 is going to be hard to break its the 50EMA, 200EMA and a psychological level.  

The daily chart it still looks like it has the momentum to move down more, epescially to the May lows at the 884 level.

While the Daily looks like it has room to go down more, the weekly looks even better.

The MACD and Stoch on the weekly look like they are starting to roll over.  There is resistance above 915.

Expect a bounce or a bit of chop especially with FOMC on Wed.