Calamos S&p 500 Structured Alt Protection is slightly down on the day, it isn't making a very large move but still down -0.02%. We'll see if it can keep moving down or not. It looks like CPSM may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. If we also take into account the strong positive momentum that Calamos S&p 500 Structured Alt Protection has shown over the last year. A lot of buyers typically come in on dips to bid the price up. It certainly increases the
likelihood of getting a nice bounce off of this particular resistance line.
If we get a reversal off of support and Calamos S&p 500 Structured Alt Protection starts moving up, it can probably get to $29.63 at which point it'll need to break through that resistance level in order to keep moving higher. If it fails to bounce off this level and breaks down lower, it will most likely find the nearest support a the $29.09
at which point, it may have a chance of recovering from there.
