SPX low overnight of 1249.
1220 on the SPX would be the 38.2% retrace from the July '10 to Feb'11 advance.
It could mirror the 38.2% retrace from the Mar'09 to April'10 advance, before the market took off again.
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SPX low overnight of 1249.1220 on the SPX would be the 38.2%...
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