Q & A

Our research suggests that we need to keep our eye on a midterm target (1,563), but focus on short term moves that validate our target. 

Current down-trend should find support at 1,542-1,535-1,512.

As said on March 7, 2013, a close below the recent 1,512 on the $SPX  or  14,030 on the DOW will invalidate our scenario.