Someone in the chat room spied an 1123.60 support early Thursday evening, and although it seemed to be holding, I would limit its use to analysis but not bottom-fishing. The point ‘B’ of the pattern is as sausage-y as they come, having failed to penetrate the juicy 1127.60 low recorded the previous day.  That doesn’t mean the target is worthless: it is still the lowest low that can be projected on the lesser charts. But because of the malformed ‘B’, we shouldn’t expect a precise and reliable bounce from the target; rather, we should go no further than inferring from the probable breach of the target that still more weakness lies ahead.  (Bulletin 9:50 p.m. EST): Within the last 30 seconds, the futures have spiked down to 1121.60, presumably stopping out 1123.60 bidders. Action looks pretty sleazy overall — DaBoyz setting up for fabulous job numbers on Friday? — and so I would further caution against picking bottoms based on whatever patterns you might be imagining.)