This is important support and if the market will find a bottom this is about where it will be.
At the least I think the stock decline may take a pause for the GM IPO. The Street and the government have a vested interest in its success.
"By your faithfulness you will endure. When you see Jerusalem surrounded by armies, then you will know that the time of its desolation draws near. Then those in Judea must flee to the mountains, and those in the midst of the city must leave, and those in the country should not return. For these are the be days of God’s judgement, so that all that has been written may be fulfilled.'"
Luke 21:19-22