Will the Market Hold These Lows?

The closing lows of the S&P form a very straight line. The futures in the pre-market are challenging these levels again. By any measure, the market is oversold but that's no guarantee of a bounce here. The economy is cooked for awhile. The question is what will earnings look like next year? And, with consumer pricing dropping (the biggest drop in 61 years!), can deflation be far behind.