*Durable Goods Orders: (ex-trans) -0.4% vs 0.4% expected.
There were also downward revisions, all somewhat negative for Q2/3
sp'daily5
Summary
So, futures are suggestive we'll get a break under 1400, and maybe further weakness can at least briefly get us into the 1380s by the close.
As the daily chart shows, breaking 1380 will be difficult, although a bigger trend (not shown) from Oct'2011 low to June low...has the trend at 1350.
I think bears should be able to get another few days downside, but with the Bernanke next Friday morning, I think a 'benny bounce' will occur..and it could be a big one.
More across the day.