Friday the SnP opens at the most significant price level in decades. Notice the close Wednesday sits right on the lower band? The August 16th low close was 1411.27 the 377 day ma is at 1415.89, the .786 retrace from 1370 to 1576 is at 1414 making this 1415 to 1411 zone the dividing line between bull and bear trend. Since Friday is a short holiday trading day Monday will be the most significant day to find support in this zone or bust below it and continue on down to 1350-1330 areas.
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