A basic trading rule is back in focus: price levels that once held the market up tend to cap it later, which matters for anyone buying dips right now.

• When a support level breaks, that same price usually turns into a ceiling on the way back up.
• The reverse also works — once price breaks above a ceiling, that level often becomes the new floor.
• The reason is human: everyone who bought at the old floor is stuck at a loss and sells the moment they get back to break-even.
• That wave of break-even selling is what pushes price away from the level again.

Outlook: Expect rallies back into recently broken levels to stall there until the trapped buyers are cleared out.