This stock market is moving very fast right now. As I discussed a few days ago in "This Correction Could Have Another Leg Down:" 

The surge in volatility might be more than just an isolated event, it could be a harbinger of what might come next.

Well, what is coming next appears to be an actual real live bear market. We can't be certain of course, but if Friday ends with the S&P 500 below $253 on both the daily and weekly chart, well, that's a recipe for a full on search for strong support. As I show in one of the charts below, strong support is quite a bit lower. 

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