S&P 500 Technical Analysis Nov. 14, 2012

S&P 500: the market has moved lower and is now testing the 50% retracement level at 1369.40. This comes after taking out 1394.30, the 38.2% level. A move lower can test 1344.50, the 61.8% level.

Alternatively, a move higher can retest 1394.30 with a break higher testing the cluster zone at 1424.90 to14 30.90.