Thoughts on $SAP near 154 support

Watching $SAP today, it's pulled back pretty hard, currently around 154.34. The area around 153.50-154.00 has been a decent support zone recently on the daily chart. We saw a bounce from there mid-May and then again a few times over the last couple of weeks.

My take is that if it holds this area into the close, particularly if it can reclaim 155, we might see some stabilization. A break and close below 153.00, though, would invalidate that idea for me and suggest more downside is likely, probably targeting the 150 area next. Just my observation, obviously anything can happen.