So Far So Good

So far so good, but yesterday's targets may be a little extreme. Yes, some shaking took place, but I would need to see more carnage to fully get behind them.  Today I'll be watching the 1434 area -- the 38% Fib level -- for a possible bounce.

Should one not occur, 1428.23 is next and more crucial for the bulls. Getting below there would elevate yesterday's scenario. This area coincides with the 61.8% level, so it may have some magnetism.

There is still the possibility of an ending diagonal targeting the 1460 area, and today should help determine the odds for it. If the market tanks below 1411.88, the ending diagonal would be negated, and yesterday's 1383.33 scenario would quickly gain in importance.