With all daily basis supports having cratered now, we really have to go to the weekly and monthly charts to gauge reasonable supports. If we take the November 2011 lows to the September 2012 all time highs – that gives a a scale of force which suggests we will not see meaningful support until we visit the 477.81 areas.
I do of course expect some options expiration shenanigans before Friday. If we test that force level down near 477 we may get the mother of all short squeezes in tandem with some form of BS “news” later this week. Here is a quick video on my chart points.