Categories S&P500$SPX . Letter ‘h’ forming. Watch the support Post author By iam802 Post date June 1, 2012 $SPX is hitting the support level at 1290 again.This time round, the letter ‘h’ is being form and a break from this support level will give us a target level of 1260.My bias is down. Tags /ES, Novell NetWare, S&P500, SPX, SPY, Strike By iam802Trend trading with Ichimoku View Archive → ← $AUDSGD . Next target 1.217 → $SPX . Below 1311. Doji.