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S&P 500:

The Euro plan will determine the markets direction for the next 3 months.

The current Pivot is 1225.

Above the 1225 Pivot and we run to at least 1275. At that point we will reevaluate the strength of the move to see if it has the ability to reach the next target of 1350.

If the plan does not meet minimal expectations we will quickly test 1050 support and then we will be on our way to 850.

In the longer run we expect to get to 850 either after a relief rally or without the relief rally.

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