An area to keep an eye on basis the S&P 500 cash index is 1458-1462.
This area could very well mark an intermediate term low at which time
position traders might want to consider long positions.
Remember, the probability model is calling for sharply lower prices today followed by a reversal to the upside.
Of course we will have to take a look at what is going on in the market if and when we achieve these targets, but keep a heads up.