1. 61.8% retrace from the 12/19/11L to the 5/1/12H is 1286.41 SPX.
2. 50% retrace from the 11/25/11L to the 5/1/12H is 1290.52 SPX.
3. 38.2% retrace from the 10/4/11L to the 5/1/12H is 1289.59 SPX.
Further more, counting from the 5/1/12 High, if wave 1 = 72.19 SP's = wave 3 = 1293.68 SPX
We also have 2 squares that were due on 5/16 and 5/18, suggesting a short term Low at any time, perhaps we see a spillover decline into Monday 5/21.
Today 5/20 is a Solar Eclipse in the Vedic sign of Taurus.
From 5/21 at 11.40 - 5/22 at 5.40 pm, We will have an unusual 6 of the 9 planets, Sun, Moon, Jupiter, Mercury, Venus and Ketu (Moon's South Node), conjoined and concentrated together in the Vedic sign of Taurus.
This often is an important time to watch in one's life and the markets.
The intense and immense concentration of Planetary Power will have an impact in a specific area in one's life, depending in which house (area of Life) Taurus is placed. In general, during eclipses, the Jyotishis recommended to be more inward and silent.