I'm going to point out that according to the timestamp of your post you said this when the S&P had fallen over 50 points from that high at 1127.
We had two failed attempts to break above the 100DMA. Now it looks like the 100DMA may cross below the 200DMA this coming week. I took a quick look on my charts and 3 of the last 5 times that happened in the last 10 years things got really bad. I don't see anything in the volume or OI that says we shift from it's current trajectory. With the dollar and gold strengthening - it looks like risk aversion is now the driving force and this is not good for stocks. It looks like we may test 1003. But who knows. Good luck. Here's some more insight... http://noir.bloomberg.com/apps/news?pid=20601087&sid=aFBocQRjLkRg&pos=4