Just a bit of info. If the SPX pushes down anymore then the current level, then this will be the largest correction since 2003. In 2003, the index swung down 18% before turning higher. Since then, we have had only relatively minor swings with the greatest swing so far being in May 2006 and that was a modest 8.8%. Currently, we sit at 8.5% If there is a recession, then the likelihood of a large swing is great. In 2001, the SPX went from 1315 to 944 or a 39% swing. In late 1990, the recession took the index from 369 to 295 or about a 25% swing. Both of these swings were completed within 6 months. I was looking for a pivot around 1458 earlier but that failed. The next possible pivot is in the high 1300s and if that fails then I believe it will be in the 1100s soon enough. The SPX hasnt made a lower low in a while so we might be looking at a change of trend fairly soon.