This morning the premarket action is modestly weaker with the in

跌穿1071/1070 (congest/50% retrace of July-Aug)就是“质变”了，otherwise it will be an at least temp bottom (could be retested), and bidu was even better performing than qqqq or s&p, rebounding faster and stronger if the bottom holds in the next few days, bulls will be more encouraging about the end of "fed 082010 scare" A lower volume inside day (higher low/lower high) for the S&P was not too surprising for a summer Friday but unfortunately it did nothing to alter the mid-week technical breakdown (penetrated July-Aug trendline, closed under 200/50 day averages). This morning the premarket action is modestly weaker with the initial focus on last week's low at 1076. Penetration exposes first level support at 1071/1070 (congest/50% retrace of July-Aug) with the next zone of interest is in the 1064/1063 area. Obvious resistance is at Thur/Fri highs, its 50 sma and Thursday's gap top at 1086/1088.