1277 S&P Swingpoint

Yesterdays low of 1277 happens to be the swingpoint between the years high of 1370 and the projected support level at 1185. 

Update at 9:30 AM CDT:

This works out to a 1324 lid on rallys from the swingpoint and first support, after the swingpoint is breached on the downside, of 1230.