S&P trading at 2509. It made a recent low of 2345 which is a very stong support. Right now it did bounce from that support, but in coming days will it protect that support or will break it. Time only will tell but chances are that it will not break that support as from the Elliot Wave perspective this fall from the all time high clearly looks like an ABC . If at all it breaks then 2130 is in place which is the next important level. One can wait for the appropriate levels and act accordingly.