The Gann 1:1 angle of the 2002-2007 range is around SP500 Index (SPX) 1400. If price does decide to move up next week my guess is that it will not make it through this resistance. My guess is the move lower into October will began at that point and create a third push down and a solid low for strong price movement into 2009.
Chart courtesy of Stockcharts.com
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