The bears are eyeing the June lows after the S&P 500 fell below 3,900.

There is something unique about the 3,900 level and the S&P 500.

Some technical analysts have warned that the stock market's June lows could be threatened by the index's recent performance.

The index finished Friday below a key support level, and some fear this could lead to a test of the lows.

The stock with the most volume traded over the past three years has been 3,900.

We believe that Friday's closing price of 3,640 marks the beginning of a downward trend that could lead to the June lows.

The S&P 500 finished the day down 0.7%, and for the week, it was down 4.8%.

The index rose 5.7% from its June 16 closing low of 3,666.77.

During the stock market selloff, the S&P 500 logged a low of 3,636.87 on June 17.

The Dow Jones Industrial Average DJIA, -0.45% fell 4.1% last week.

The Nasdaq Composite COMP, -0.90%, saw a 5.5% weekly drop.

Futures for the S&P 500 index pointed to more losses on Monday morning, with Dow futures down nearly 250 points.