The index has broken below its 10-day moving average heading into the final hour of trading. This moving average is a good proxy for a hand-drawn uptrend line that has been intact for the most part since the lows back in December. This is for now a technically bearish condition for the index and price, with next support at 1514.44 and then at 1509.39. Resistance is at the 10-day, last at 1518.51.
Happy demi-anniversary, stock market rally. Will the honeymoon ever end?