7:20, The SPX dropped below one level of Fib fan support, if it cannot quickly recapture that line it will become resistance, leaving the next area of support down around that magical 1150-55 level.
6:49, Odds are still favoring the SPX to be working on a 4th wave. The SPX gapped down to the lower channel lines right after the open, any break below 1176.91 rules out the blue "d?" wave and opens the door for a run down to 1156, if the present low holds, then we most likely would have the "d" wave in play and the SPX should head higher to work on the blue "e?" wave to wrap up the larger degree wave "B" of 4 (red).