1309 is the weekly ballgame in the futures. Closing and sustained price action under this level in all likelihood will lead to a trip to the lows of the year.This is a Friday closing level. Extreme care has to be taken when markets go from one end of a range to the other in one trading session. We have not seen one 5 point rally all day in the Spu. Traders are now selling the Euro and the Aussie as a surrogate to missing the stocks. Selling weakness in the currencies is a dangerous game at current levels ( 143.50 Euro) in particular.