The 1183.55 level on the S&P is the Quarterly Swing Pivot. That was the third quarter's low, scored on July 7. That level was regained on Monday's big surge to 1200 S&P. But as I have been saying, the linchpin in determining whether the Oct. 13 "low" established a meaningful low was whether 1183.55 would hold, and whether the 200- day moving average on the S&P could be successfully recaptured.