Oct 10, 2011 Update

As the SP500 is advancing, albeit on low volume, it should hit resistance around

1190 which is the 50% retracement of the move up from July 2010 to early May 2011

1204 which is 38.2% retracment of the move down from early May 2011 to the early Aug lows

1230-1235 which is 38.2% retrace from July 2010 to early May 2011 and a 50% retrace of the move down from early May 2011 to the early Aug lows.