Make or break?

SPX - and the 50 day is gone

SPX is "well" below the 50 day, currently trading around the big 4550 level. Note there is a short term trend line coming in here. Next big support to watch is the 4500/4520 area. Note the 100 day around these levels. We are still above the post Thanksgiving lows, but momentum isn't the greatest and liquidity from now on will be very poor.