S&P 500 ~ Elliott Wave Count ~ 12 October 2011

The SPX hit the resistance at 1220 and then sold off into the close. ; )

We're up 145 handles within six days and since we approach strong resistance levels at 1220 and 1230 we might be due for a pullback.

Support areas are just below 1200, at 1155, and at 1120ish.