These are my targets for SPX that I meant to post here last week. I wrote them down on May 2nd...
1334
1297
1270
Bounces along the way at 1375, 1355
The only thing that can prevent these targets is QE3 by Helicopter Ben...which cannot be totally ruled out because it is election year and THEY will do everything in their power to prop up the markets until November. That is the reason why I have been pretty cautious trading the SPX inspite of some sure shot short signals in the last several weeks.