(click the daily chart for a better image)S&P future trading around 803 after Asian sell off.
So the markets are likely to test 798-792 levels.
The fate of these supports more or less depend on how good/bad US MBA Mortgage applications and Wholesale inventories figures are going to be.
In the daily chart above, i drew the support lines around 800 and around 750.The uptrend line is once more broken.
I am neutral now. I think we have a consolidation period ahead as long as 750 holds.
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