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If we look at the 6 month chart we can see that we have been making LH's and LL's.
The recent run up we had from 7/6 leads me to believe that we have reached its top, forming another LH. Using Kool's price projection (he can confirm/negate this if I'm wrong) gives a projection to 1096.34. Actual high came in at 1099.25, pretty close. Also the $TICK from today closed around 1115 and I went back thru my notes because I remember someone, I don't know who but I believe it was Kool, said that if we had a high $TICK reading > 800 the following days were a sell off.
Just something to look at, what do you guys think?