Yesterday's drop and the last 15min's retreat look bad for bulls. However bulls still hold some hopes when prices closed the day above the key support level 1400.00.
Markets today will be decided by what Mr. Bernanke is going to hint in Jackson Hole.
I expect the resistance [1404.64-1405.59] and support [1397.00-1400.00] are firmed before the Bernanke's keynote speech. After the speech, we'll see one of these be taken away.
The next target of bears after breakdown: 1382.00-1384.00 and the target for bulls after breakout: 1414.60-1416.20.