May update later and add more detail....
Here's what would constitute a pullback in the SPX, for me:
1. A break below 1116 spx
2. Any bounce after the break would need to stay under 1121
3. If a new high is made before 1 and 2 happen, then substitute "new high 3" for 1121.
This could result in the test of 1085ish. IF IF the 1085 , then breaks then to 916 (will get more precise targets later)
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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