$SPY Multi-Timeframe Analysis - still in an uptrend despite bearish signs

Weekly Chart

• Weekly chart remains bullish
• A close below Kijun Sen (red line) would be troublesome
• Watch closely due to bearish engulfing candlestick 

Daily Chart

• Bearish tilt since price closed below the cloud
• Not completely bearish due to other cloud elements
• Chikou Span closing below the cloud can be used as confirmation and it is currently above the cloud
• Initial support around $203-$204 if market breaks down

Hourly Chart

• Bearish trend
• Chikou Span, Tenkan Sen, and Kijun Sen have not fallen below cloud yet which will completely turn the chart bearish