![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_RYmu5-NDcXsqzYNsbGSNjmsQz9WOYzKqfoumVw-GwQanREq3KMQSykdpDYv9zkJlZjCxrTx-D6Lg5u3l9iKqJ5IPFuZctRSI35BQzhXdStG5qFgOBBge3uYlzAj4tMDK9QsSOSDAXPA/s640/spx+daily+support+zone.gif)
- S&P 500 Weekly chart shows price testing the rising trend line from 1075 levels.
- Daily chart shows price closing below 100 Day SMA and it is closer to the 200 Day SMA.
- Price closed below crucial support levels of 1396 - 1403.
- Now price must sustain below 100 SMA for a possible breakdown below the weekly up trend line. If the weekly up trend line holds then we might see a bounce in the coming days
- APPLE CHART ANALYSIS
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