S&P500's 1st Port of Call......1346

S&P500 Daily Close @ 11/14/2012

Indices following the script so far; the 61.8% retrace of the advance from June's 1266.74 Low dead- head @ 1346.
Beyond that lies 1322; the 38.2% retrace of the Rally from the 1074 2011 Low.
Daily price action of primary import in determining when the 'rot' has run its course.