SPX daily, and John Murphy points out today that the $1271 day low so far is a test of the rising 20-day sma * SPX 1274.40 is a major price horizontal, and any future failure for this level to continue to act as support for daily closes must be respected stockcharts.com/c-sc/sc?s=$spx&p=d&st=2010-03-01&en=(today)&id=p28193239147&a=156011387