As of this post, the S&P 500 futures made a new low of 1302.25 and is currently sitting at 1304.25. This  represents a 100% price retracement from the 4/18/06 bull run. No profits will be taken automatically as 1300 has not been tested as of this posts. If 1300 price level doesn't break profit will be taken around the 1302 level. Should 1300 break, the market will become more volatile for even a better trading climate for our method. Things good move very fast in this climate, making it more important to check on positions throughout the day. Stay tuned.....