S&P Update

Based on the S&P analysis of taking the low of March 2009 (666.79) and high made during March 2012 (1422.38), it looks like S&P major support is at 1246. S&P today closed at 1316.63. If 1310 is broken then 1292 is the key (recent low). And if 1290 is broken then it must hold 1280. If not then S&P can drift lower towards 1250 and eventually hit 1246 which is the major support.

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