SPX Follow-up With Price Projections

Posted is a follow-up to the analysis posted 2/2/12. The SPX has rallied into the next 1.272 expansion shown on the chart below. This may mark an important top in the 1352 area. However, it this doesn't hold there is quite a confluence at the 1376 area, including the .382 expansion shown on the first chart and the 1 to 1 measured move shown the second chart.

Kim Rice 2/14/12