Minor early strength quickly dissipated with the index slipping below its 50 day simple mov avg (2039). It held above support at the 2028/2025 (congestion area) and bounced but has thus far been unable to stabilize back above the average. Failure to hold above this level and breach next resistance in the 2049/2052 zone leaves it vulnerable. Secondary support is at 2022/2020 (congestion) followed by the Feb low of 2012.
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