Today the market broke down the upper trend line crashing down 30 points below the 1100 mark all the way to support at 1090 and resting at the 50 day moving average.
This action broke the uptrend that started the beginning of July and opened the doors for more selling ahead.
The next level of support is at 1060 and resistance is at 1100 first and then at 1120 at the 200 day moving average.