The Spain violence has traders in a tizzy. Firing rubber bullets into a crowd is not a good thing. Catalonia wants to separate from Spain adding fuel to the fire. Today, Greece is on strike, taking to the streets, tear gas wafts thru the air. Markets gave up waiting on Rajoy to decide about the Spain bailout. The Spain 10-year yield went over 6% this morning verifying the increased tension. The SPX may want to explore the lower support levels at 1441, 1440, 1438, 1435 and 1433. Watch euro 128.30 today, above and market bulls are happy, below and market bears are happy. The euro is now 1.2853 with the opening bell only two minutes away.Note Added 9/26/12 at 10:16 PM: Euro is maintaining elevation above the important 128.30-128.50 zone. Tech is leading the broad markets lower but the bears need to see the euro cooperate to the downside. The SPX is testing the 20-day MA at 1437.84 so watch that closely. Price is now 1436.42 which is failure. 1435 is strong support. VIX is 16.32.Note Added 9/26/12 at 10:48 AM: The TICK printed -1000 at 10:38 AM which identified the bottom in the minute time frame. Tech is leading the markets lower. COMPQ is down over one percent now. VIX at 17. XEU, euro, is at 128.43, holding above 128.30 and helping the bulls hang on. Keystone's SPX 60-Minute Chart with 200-EMA Price Cross is in play today. The 200-EMA is 1431.76. Note how price respected it on this move down. So lots of drama on tap around here today.Note Added 9/26/12 at 11:25 AM: SPX S/R is 1446, 1444, 1441, 1440, 1438, 1435, 1433, 1431.78 (Keystone's 200-EMA on the 60-Minute Chart), 1431, 1429, 1427 (closing high for 2008 on 5/19/08; 1426.63), 1424, 1422 and 1419. SPX 1403-1419 is a very strong gauntlet of support. The TICK printed a touch over +800 a few minutes ago which identfied the top in the minute time frame. Price is back kissing the 1435-ish level now. If price moves up thru watch to see if 1438 maintains a resistance ceiling. The euro is staying above the 128.30-128.50 danger zone now printing 128.56. The day is young. The European close is on tap in a couple minutes.Note Added 9/26/12 at 1:37 PM: The bulls push the SPX back up to back kiss the 20-day MA at 1437.92. The SPX is now printing 1437.99 so this test is important. Resistance is 1438 and very strong R at 1440. The SPX 30-minute, 60-minute and 2-hour charts remain unattractive open to seeing a retest of today's lows, perhaps by the close today or, considering the 2-hour candles, tomorrow. Euro is 128.59 refusing to collapse thru 128.30-128.50 so the bulls are encouraged. Tech is leading the broad markets lower which is a bearish indication. TRIN collapses to 0.77 which could be considered an adequate response to the 3.08 close yesterday, remember 1.0 is the bull-bear line, 3.08 is uber bearish, and 0.7 or lower is uber bullish. The high 3.08 wanted to see a market bounce to relieve the strong bearish pressure, and that is now fulfilled. There were two +1000 TICK's over the last hour as the SPX prints in the 1437-1439 zone. This zone was very important in the first half-hour of trading today so supply and demand is being explored; bulls win above 1439, bears win below 1437.Note Added 9/26/12 at 2:11 PM: TICK prints +800, the TICK machine is active today. The bulls are trying to elevate markets with all their might, stabbing higher with +800 and +1000 TICK's, but, the SPX remains under the 20-day MA.Note Added 9/26/12 at 3:14 PM: SPX leaks lower as the day moves along. Keystone took profits on TWM, continuing to like the short side but best to lock in some profits.Note Added 9/26/12 at 3:41 PM: Keystone bot AMD opening a new long position and also added more CEP, this is a thinly-traded stock. Both show attractive positive divergence. Long positions will help balance the account better as it is heavily weighted short, and remains so, since Keybot the Quant remains short.Note Added 9/26/12 at 3:51 PM: The SPX 200-EMA on the one-hour chart is 1431.93. Keystone's SPX:VIX ratio is 85, the lowest it has been since the September rally started on Labor Day, but above the 68 danger level. Likewise, the VIX is at levels not seen since Labor Day, now at 16.76. A VIX over 17 will increase the selling pressure further, over 17.75 and the markets will be selling off dramatically more. Bulls will try to prevent 17 from printing. Keystone bot more AMD.