Chart, page-3472

All, l am of the opinion that 19.5 will act as support. Basis for this statement is that coincides with the current 50day SMA, ascending support line & 38.2% (high-low close) Fib retracement. All of the above is coupled with falling volume.

Indicators are as follows.
RSI: neutral
Slow Scholastic:  In oversold territory however with possibly a little further to fall
MACD: Slightly negative however still well above trigger line.
OBV: (not shown) still tracking positively


However, taking into account the above indicators, fully supportive of dory’s view that true support may be distorted by the determination (or otherwise) of the stop loss hunting bots.  However, should they be successful, impact is likely to be very short term.
If SP does close below 20.5 both weekly and daily chart show .18 as support.

Hopefully this is a worst case scenario. As Tuesday’s meeting (our time) will likely generate FOMO as outcome can be released anytime within the next 30 days and will be enough to see SP both be supported at this level and rebound above S/R channel.

This is an opinion only, not advice
GLTAH
Charlie