Buyers attempt to defend support
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibj4Qp90F3n_tRdge2dmqTm1mm2oY7_u8Qr3XCIXtComT-hdP2yQr4NgTM7A3g_pXxO_3OIsohbFfUKWSpMASqBSnrFqOM1t2stKXb5zAdMg4VVE5QNvwKyUrTOwG5UfbugZpW/d/SPX_Jun29b.png)
Sellers had managed to push indices back to support levels where buyers are looking to make a stand. The S&P is down at the June swing low which is also the 50-day MA. Technicals are a mix of bullish and bearish signals; the index is still underperforming against Small Caps. Selling volume in recent weeks has sided heavily with bears but On-Balance-Volume hasn't yet switched to a 'sell' trigger. This is as good as place as any to stage a bounce and take on a low risk trade.