Yesterday it felt like Market was going to test the 1200 level on S&P500 and it did. The next logical support is at 1157 area (200-MA) and then at 1100. Today’s better than expected unemployment number might help slow down further downturn. If you want to go long, do it with stop underneath 1200 as if we break it we can easily test the 200-MA (see above chart) or 1100 level.