Quote from Pabst:
Without giving away what I'm looking at (some of you know a little) I believe that SPX did Friday what most indices did months ago. Topped. As in over. Perhaps over for a few years. This call is not based on hunch or feel and certainly not based on fundamentals although IMO a wild card event will accelerate the break. Rather it's a call I'm making off of a complex analysis of measured moves that provide the backbone of my trading.
I will give myself wiggle room to 1347.86
IF SPX trades above 1348 anytime this year I will leave Elite Trader forever. I will also suffer a pretty good hit financially if SPX continues to rally.
In memory of those American's who perished 5 years ago: Let's roll!