Dow Jones Future (YM)

S&P today hit 1299 and bounced upward. Previously it hit low of 1296.5 so bargain hunters were watching the level and bought their stocks near the close of the market. However, I am also watching Dow Jones Future (YM) and YM is telling me that market has more legs down and the down move is coming. Dow Jones is expected to hit 11,869-11870 and S&P will eventually fall to 1268 and then 1250-1245. The support for S&P is still at 1297 and then 1282. Dow Jones closed at 12,393 and S&P at 1310.33

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