As of 3:30 pm EST, the S&P 500 has broken a key support level of $4546.70 or the most recent pivot level on the day chart. We should expect a further drawdown to $4431.07, or the next pivot level/key support on the daily chart if the S&P 500 isn't able to close above the $4546.70 support level. This is a break in the short term trend only. Medium and long term trends are still intact. This is not a "sell all" moment, but rather something to be aware of. #thedailyinvestor