[null, null, {"document_url": "http://cyclestockmarketwinner.blogspot.com/2012/11/rebound-was-over-bears-would-target.html", "unformatted_src": "http://3.bp.blogspot.com/-S7gUOWbPSxs/UJeEuLpIYgI/AAAAAAAAB_E/S8XW9fm2gHo/s320/Eur-Usd.png", "src": "http://3.bp.blogspot.com/-S7gUOWbPSxs/UJeEuLpIYgI/AAAAAAAAB_E/S8XW9fm2gHo/s320/Eur-Usd.png", "formatted_filename": "Eur Usd", "rendered_width": 320, "rendered_height": 212}, null, {"document_url": "http://cyclestockmarketwinner.blogspot.com/2012/11/rebound-was-over-bears-would-target.html", "unformatted_src": "http://4.bp.blogspot.com/-KuLABcGV6y4/UJeI-mP89mI/AAAAAAAAB_4/5Wvjwm2FUvw/s320/SPX+hourly.png", "src": "http://4.bp.blogspot.com/-KuLABcGV6y4/UJeI-mP89mI/AAAAAAAAB_4/5Wvjwm2FUvw/s320/SPX+hourly.png", "formatted_filename": "SPX hourly", "rendered_width": 320, "rendered_height": 210}, {"document_url": "http://cyclestockmarketwinner.blogspot.com/2012/11/rebound-was-over-bears-would-target.html", "unformatted_src": "http://4.bp.blogspot.com/-Sj7-w9mZJkw/UJeOCWoK0VI/AAAAAAAACAs/4Fc3AbFg-44/s320/SPX+hourly.png", "src": "http://4.bp.blogspot.com/-Sj7-w9mZJkw/UJeOCWoK0VI/AAAAAAAACAs/4Fc3AbFg-44/s320/SPX+hourly.png", "formatted_filename": "SPX hourly", "rendered_width": 320, "rendered_height": 210}, null, null, null, null, null]
Rebound was over, bears would target area 1400.00

The EUR/USD continues dropping and it would not favor the US stock markets until the drop meets a support.
I expect a support found in the area 1.27547-1.27383 where is the mix of  MA-200 days and 38.2% retracement of the rally since 7/24/2012 to 9/14/2012. The precious metals and crude oil have made new lows in the European session, that increases the odds that US stock market would dive today.
I tend to think that the bears would like to try one more time the area 1,400.00.
If a lower low than 1403.28 could be made in a few coming days, I may hope that the correction from 1474.51 would have finished in double zigzag and the market would prepare for a big bounce. Posted by StockMarketWinner at 1:57 AM