SPX Daily Chart - 20 Sep 11

     As far as my analysis methodology goes, yesterday's price action did nothing but mark time. The next upside target area is 1245-47. It is interesting to note that at this level delta will equal alpha in length.
    Bottom Line: I think the bounce/consolidation from the August low is running out of steam. A break of 1136.07 will convince me that the downtrend has resumed. My mechanical allocation mix meter is at +50%.