For the SPX starting at 1380, the bulls need to touch the 1385 handle and an upside market acceleration will occur. The bears have a slightly easier path only needing to drop under 1377, three points lower, and a downside acceleration will occur sending the SPX for a test of the edge of the cliff at 1369. If 1369 is lost, all hope is lost for market bulls. A move thru 1378-1384 is sideways action. The S&P's are down 11 in the overnight session right now, about 5 1/2 hours before the U.S. opening bell.
11/18/12; 7:00 PM EST =
11/11/12; 7:00 PM EST = -46; signal line is -18
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