SP 3900..this is where bulls pretty much need to bounce it...
Failure to do so would open the trap door to much lower prices.
It may stay in the range 3900 - 4000 till CPI is out ........................
ST the market is in extremely oversold conditions. If the 3900 support holds SPX may go to back to test the 50 ma at 4020 before/after CPI data out next week ...........................
If 3900 does go by bye, will start to look even more like Urgent Selling mode than it does now....