Quote from Pekelo:
On Thursday my predicted 1310 SPX level acted twice as resistance before finally giving it up. On Friday we broke above it, but only by 8 pts. I was just about to post this afternoon, that looks like the meltdown won't happen, when we sold off in the last 30 mins and now we are back to the SMA 9 again, on the weekly....
Tomorrow should tell us which way it is going to go in the long run...