The last 2 sessions has had market analyst beside themselves. Rarely have they been so wrong so frequently. Only listen to yourself when it comes to your money. The charts should serve as the primary source for all market analysis. Overlaying the charts with economic data and other inputs are fine, but realize you can never know every fact available to every trader except what is on your chart. Our decsion to stay flat has probably saved us from losses. A pure daytrader may have had trouble making money through the last few sessions while we were flat.  The S&P 500 has turned bearish and we will be looking for a short below 1307.25 which needs to hold as resistance for our trade setup. And as always we will look for an acceptable chart pattern before entry below the mentioned 1307.25 price level. 1300 price level on the S&P 500 will be critical as many traders will use the round number as a focal point.