This is very short term stuff, a day-and-a-half down and a day or two up.
On Friday I dropped a comment at MarketBeat:
5:11 pm August 19, 2011
If the models are right we should go negative this afternoon and get the "Ma and Pa" downmove tomorrow morning, dropping below the August 10 closing low of 10,719.94 and perhaps testing the Aug. 9 intra-day low of 10,588.55.
The numbers for the S&P are 1,119.46 and 1,101.54.
We're looking for the downmove to continue tomorrow morning before reversing into a 2-3% rally into Thursday.
Unless Qadaffi nukes Rome.