SXP future movement + rationale

i think the lowest SXP can go is pink (unless we see an entire market sell off).
there is indication of support as once it gets close to this area, the 50 ma is pierced, although it does return to previous levels.
it seems that bears are beginning to get tired and a rise may soon be seen.
if pink is broken, i believe it will be a flash dump followed by an increase to previous levels.

not financial advice.
stay safe.