No supports?

The 1050 on the SPX was breached this morning after the horrible housing data, but came off the lows. No real reason to buy though do to no real good news. There is a saying that when people are fearful, I should be very greedy and buy and when people are greedy, I should sell. The bond market is soaring with 2 and 10 year yields continue to fall. Marco economic data are horrible.
As for predicting the market. We are in a downtrend and will continue until the MACD and RSI downward slope is subdued. This will probably not happen due to poor outlook with GDP and unemployment data. I look forward to making money on the down side with expectation of the SPX to reach 1020 and NDX to 1750.