S&P Index price action is currently supported by 20 . Additional support on the downside is located at 1425 level which is the dotted blue horizontal line representing a number of previous highs and lows and also rising support . Possible A,B,C retracement labelling. Current support on the downside is located at 1435.60 followed by 1430.53 and 1425. Alternatively resistance on the upside is located at 1446.09 followed by 1450.45 which is the 50 period and 1463.24.