The market will give us a hint at the near term future direction very shortly. With the roll over of the 20 SMA
there could be farther downside action
, but with support at the 50 SMA
we could see rejection of the current fall. If the market drops below the trend line
, expect a fall into the 1550 to 1560 area or more. If the market stays above the trend line
, A return to test the 1687 high.