There are supports around 1372 SPX. After that, a final spike with a slight higher high is anticipated.
The plan for the week (shown in yellow) was a decent estimate. March 13th was forecast as a positive day. The target was reached early though the timing of highs and lows worked well.
The following chart is updated from last Sunday:
This chart shows the maximum possible downside in the near term to test horizontal support. If it does come down this much that would be around $29.50 for the Silver future.
A higher high at $38.50 for the Silver future is still targeted soon afterwards.
Silver is following the basic pattern from the symmetry outlined on Dec 31st, 2011. Silver is nearing support with a higher high still expected to follow to point 6.
Chart from analysis December 31st, 2011: