Down goes Frazier! Key support at 1342 was taken out yesterday on the S&P futures.  That level may now provide some resistance.  S&P support/resistance levels:

E-Mini

 

 Significance Level Reason
1356.50 *** Tuesday high
1351.75 ** Friday close
1350.25 ** Monday high
1349.25   Monday close
1346.75 *  
1342.75   Friday low
1341.00 *** Monday low
1335.50 CLOSE  
1333.00 *  
1330.50 ***  
1327.75 *  
1324.25 **  
1320.00 *  
1316.00 **** 6/29 low
1312.00 **  
1306.75 **** 6/28 low

For support/resistance levels on the S&P’s top 10 components click here:

Big 10 support/resistance levels