S&P's, Spiders, and QQQQ's

Here are hourly charts of the Spiders and the QQQQ's. I last commented on these markets here.
Yesterday I thought that we had seen the low of the reaction from last week's high but today the market has today made somewhat lower lows and it looks like the drop isn't yet complete. I expect the Spiders to drop to 140.60, the S&P's to 1416 and the Q's to 42.80. After the low I think these markets will begin a move that will carry them to new highs for the bull market.