SPX tested and held the 2HS2 1905 today, which keeps hope alive for the bulls. As mentioned in yesterday's post, even if more bounce it will be heading into OctP 1937 and then Q4P 1973. In fact, the OctP on the ES futures contract tested overnight on 10/1 as was rejected. But so far the bulls are not giving up and 1905 has held for two straight days. The index will to clear the OctP for any real medium term change of trend which will help lock in the recent test as a more important low.