http://stockcharts.com/freecharts/gallery.html?$spx sp500 did...

http://stockcharts.com/freecharts/gallery.html?$spx
sp500 did 4.6 and now 4.8 so a bit closer than dow .

Stops can be more a money management thing and don't forget looking at cash markets can be different to looking at a cfd or futures contract .

A break of recent lows on spx of 1972 and 1992 could off a mirror target of 1893 area .

weekly has divergence on PPO , middle chart , both long term and particularly short term .

Everyone is bearish which is why I wonder if both indices can mirror a bounce up on day 13 [just a guess]

cheers g