SPX 1250 has been a place of consternation for the index these last 10 or so years. In fact, notice the volume at the bottom. Since the early 80s, volume has been rising and then around 2008 it has been steadily shrinking. In fact, we have not had this low volume since 1999 and the floats have only increased in 2009/2010. The floats of companies like BAC are larger then they were just a few years ago.
I see the Russell 2000 not having much of a problem, but for how long will small caps keep the market higher? I say this far no further. 1250 is the line in the sand and I am tremendously short.
Are you coming here again to announce another top with your reputation on the line?