If this is just a correction it will not stick a close below 1295, which it touched briefly today, because that is the fibonacci retracement of .618. The futures closed at roughly the .50 at the end of trading. If it does break support then we would likely be looking to retest the old bottom from this rally.
As a reminder this is an early option expiration for stocks this week, it being the third Friday of the month. So shenanigans are de rigeur.
Be very careful. This market is a flat foot floogie with a floy, floy.
