"It's called rotation --- and it happens at the end of rallies."
We are splitting hairs. Both of us believe the S&P will be lower than 930 in the not so distant future. I just happen to think it overshoots the top first. The S&P bumped up against the YTD high today. I think very shortly it will go over the 200 day ma at 940. That will cause a round of covering which will take us to the top IMO.