S&P Finds Support at 1 Hr EMA

I had been watching the 1 hour EMA for possible support. It is depicted on this 15-minute chart as the green line supporting prices on the left chart. Prices have begun to find support and push higher. I expect a short-term rebound at this point. If we see only a consolidation, then it will be very short-lived. However, the over-riding economic concerns are likely to eventually lead to lower stock market prices, either today or early next week.