Richard: There are a bunch of weekly expotential moving averages (50, 75, 100, 125, 150, 175, 200, 225, 250) that converge in that area. I note the tendency for the SPX to ride down the 200 simple week moving average and breach it at its lows. It is at 1081 now. A breach of the 200 week moving average will get us down to those support levels. Maybe it will even get us some good fear to run on.