S&P index back below broken trend line
The S&P index is trading near low levels for the day. The low extended to 2044.92. The current price is 2047.59 (down -0.90%). The move lower take the price back below the broken trend line connecting highs from Nov, Dec, and March. On Friday the price fell back below the trend line but recovered before the close. Today a close below the 2053 level will be more negative technically.
The next key support target - if the sellers can keep control - comes at the 200 day MA which comes in at 2015.45 today.
