SPX target

The SPX daily nicely hit the 1255 area targetted by 130 ma.

I like 65 ma's in all time frames.

Always great for weeklies in all markets, but all time frames work. The 130 is just a double or perhaps 1 time frame higher.

http://i577.photobuc...pone/wed100.png

In fact if you measure the bounce prior to that last move down for targetting you missed the low by 0.02 pts only.

Next is probably toward 1220 which has many reasons.

If you calc the measured move you get

1288.18-1255.71=32.47

1255.71-32.47=1223.24

That's on a derivative chart you don't have but kind of SPX that includes all hours of the day.