broke today the trendline
drawn from the end of last year. Also, it broke the 100SMA, but as i highlighted, last two times when it was broken, the price moved back up ( i didn't consider the break at the beginning of the year because it was moving over and the 100SMA). We have a fib level close to today's close which might act as support. Although the S&P
has been making higher lows, the rsi
has been acting differently, bouncing of the support line.
Resistance around 1700
Support the 200SMA