S&P 500 futures has been reminiscent of the ubiquitous zipper ride found at most town fairs. Market goes up to an extreme (new 4 year highs), to go right back down to another extreme suppport level on the downside. The chart is producing a "megaphone" pattern which speaks to the confusion of the market. This confusion and volatility can be used to our benefit by adding the psychology of the markets to the chart. We still maintain adherence to what the chart is telling us, but we have a bias to the upside as price action has demonstrated. We can look to buy based on the chart coupled with the psychology of the market or how extremes are resolved in this particular market. 1300 represents a mental price level that we will look for a setup to develop in which to get long. We will attempt to get long at the 1300 price area after  a support hold.