The target zone was up to 1312, and price hit that level. According to plan a sharp selloff is anticipated next.
After it corrects, and to complete the topping process, SPX may surge up to ideally near 1326. 1326 is an interesting number.
The July 2011 high was 1356, and SPX fell to the Oct low at 1074. That is a 282 point drop. 1326 SPX minus 282 points equals 1044 SPX.
The calculated target for a major decline remains at 1044 SPX.
The reality is that NDX has been weakening since October. This is a leading index. It is clear cut that the next major move for the markets will be down.
SPX at long term resistance.