The Emini tonight is plunging like most DX inverse markets. Price is now back to the Feb breakout of the May 2011 high of 1344. This is a huge test for the S&P. A breakdown that holds below 1344 would suggest much lower prices. This is the 3rd time this price support has been tested since the breakout in February. 1st test was early March and 2nd test in early April. Both of which were successful tests. 3 times lucky? Wouldn't bet on it but until 1344 is clearly broken support is support.