If the SPX just finished a "b" up on the daily, a "c" down would target 1175 SPX and likely give us a lasting low. <A HREF="http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[h,a]daclyiay[pc9!c13!c20!d20,2!c50!c200!b50!b200!f][vc60][iLa12,26,9!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1!Lh89,34!Lh45,17!Li180,68!Lp3,2,2!Lb5!Lp13,8,3]&pref=G" target="_blank">http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[h,a]daclyiay[pc9!c13!c20!d20,2!c50!c200!b50!b200...</A> The bear flag measurement is 1175 SPX as well.