S&P 500 -- Friday, July 8, 2010
Ok, that pattern noted yesterday afternoon (and first noted in the futures by @nictrades) seems to have been valid.
Market has fallen to a minor Fibonacci level of that impulsive up pattern, at 2.058. Around 1336 in the cash, 1332-1331 in futures. Through that and the next major support would be around 1320.