SPX 500 Daily

SPX has started to correct in the first trading day in 2014. Because it already touched 2.272 (1849.4) area, a reasonable correction is able to expect. The first support is 1814, and then is1.618 (1765.8). The midterm support line will be 1.272(1721.4) in the first quarter of 2014. However, if the 1800 can be held tightly, SPX will have opportunity to make another new high.