This chart, like so many other index charts, doesn’t seem to want to come down.  There has been massive downside pressure being applied to the daily chart and price hasn’t even moved down 50%.  If there are any surprises with the earnings reports there could be some fireworks and increased volatility.   As you can see from the chart price is approaching support at the 34 level.  I am using the round number as there are several support prices around this level on various charts.  For price to start a retracement higher price would have to go through 35.52 and then it could rally in 1 point increments.  The up numbers are based upon the current low and a short cycle move.  The pressure indicator has entered an over extended area on the chart.   (Ira)