S&P 500 ~ Intraday Update 1 ~ 8 August 2011

And we're down again - currently 4 % near the 62 % retracement level:

Supports are around 1150 and 1130.

I had a look at the fractal again and calculated the targets if we get a perfect copy of the 2010 fractal. The "flash crash target" is at 1055 and the target for the whole correction is 943.

Let's see how low we go today. ; )