A Daily & 4 hour look at the $SPX
|4 hour SPX|
The 1440 SPX level coincides with 1435 in the S&P futures which happens to be right at the neckline of a inverse H&S with 1440 being the break out level in SPX. click on the chart to the left for a larger version.
The head of the inverse H&S is down @ 1343 or so. Over 1441 will surely piss off sellers and cause chasers to chase.