S&P 500 – bears await breach of 100-DMA support

SP:SPX   S&P 500 Index
Repeated failure to breach 100-DMA             support has resulted in a rebound today towards 5-DMA level of 2134.44.
However, bearish invalidation is seen only above 50-DMA             level of 2166.90.

On the downside, selling is seen gathering pace once 100-DMA             support of 2121 is breached on day end closing basis.

In such a case support of rising trendline coming from Feb low and June low seen at 2100 levels could be put to test.
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