To be honest Kstnova, throw the chart away for the moment. The stock is re-rating in a big way therefore the SP is leaving all TA data well behind.
But following up on what I said earlier and to answer your question, while the lower bollie continues to point south, there is still more in this run IMO. When that bollie reverses to head north, that indicates that higher prices are very unlikely until the bands reset. This will be a great example to follow over coming days to see.
You can see the first circle I placed from the other day and now todays, much lower.
Cheers
(20min delay)