A rebound if happens would target 1326.xx

SPX hourly
The rebound from 1266.74 to 1335.52 can be either
1. A trend change or
2. A part of the corrective bounce that would make ABC pattern (wave 2) of a bigger bearish market started from 4/2/2012.

SPX 30min
The pullback yesterday looks as a part of the corrective of the move from 1266.74 to 1335.52.
This may make the a?b?c? pattern as showed in the chart.
Bulls can win the high of yesterday 1335.52 or not depends all on what will happen in Greece.

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