 Welcome traders to another Tick Mail chart here with me, Patrick Mundley. Want to draw your attention to the S&P 500? We're on the intraday hourly time frame. Sell off into the back end of last week driven by the Fed's tapering talk and we have held support at 4,140, seeing a bit of a bounce here this morning. The real pivotal level for me heading into today is going to be this 4,200 level. If we can take out 4,200 then we look for a test of 4,230. Expect some back and filling there but if we can hold the weekly pivot from above then then I look for a move up into the top side of the ascending trend line resistance 4,295. However, if sellers step in here at the 4,200 level then we could see another leg to the downside, ultimately getting a test of 4,110 before the next corrective move. As always, traders plan the trade, trade the plan, manage the risk.