We got a huge gap down today and are right now trading around 1290-95. I've been neutral since we hit 1300 about two weeks ago (http://www.wavaholic.com/2012/05/spx-eod-update-17-may-2012.html). If we close below 1290ish today I'll turn bearish again (more on that after the close).
Potential short-term count:
