S2 Acted

as support just above the 32.50 level of prior support (for now). The uptrend line has been broken and the Qs are also back below the 5DMA. The intermediate term trend is becoming more neutral and the danger is that it will fail to recapture 33.25 (or so) and we will see a pattern of lower highs and lower lows re-emerge to confirm the longer term downtrend. Be defensive.