The bullish trend from Feb. 2016 broke pattern on 6/12/2016. It was then that the daily support fell through (see the yellow line break).That doesn't really mean anything though.Just more volatility.
I am open to staying bearish based on a trend line break, but I want to see something post above 54..., I am keeping a close eye on key support levels. A second attempt above 50 will likely take us to new highs for the year.