062410:1068/1066 area (70.7% retrace of June run/congest)

if not breaking down, movement will turn upside, until trading money (energy) is used up

TECHX S&P 500 -0.4 stabilize near support -Update-

Noted first level support for the S&P in the 1068/1066 area (70.7% retrace of June run/congest) in The Technical Take and have seen a stabilization near here over the last half hour. Overall interest has, however, remained very limited thus far. The next short term area of interest below if unable to build on this stabilization/pause is in the 1061/1060 area. Intraday a sustained push back through 1074 and 1077 is needed to begin to neutralize the very short term bias.