24 Jun 2015 - Break or Support?

The SPX has now broken the bottom wedge line support that I have drawn yesterday.  We should look for a turn on our ST tomorrow to the downside, but anything can happen so those who are short should look at the intra-day chart for an exit of OS condition to take profit.  I was looking for another push to new highs but seeing as prices have now closed below the 60min 75ma and 200ma.  I would view this as bearish.

MT: UP
ST: UP
PA: NA