After a blistering ascent to break 1300 the S&P 500 has suffered the pull of gravity for about 30 points in just 3 sessions. While this hard move down has magnituede it still falls in the realm of a reasonable retracement considering how quickly the market got above the 1300 price level. Currently there is no previous support until the 1250 price level is reached.  We remain bullish, although support needs to be tested and a setup will have to develop before entry to this volatile market.