HJay 

Yeah my decision was strictly chart based.. Some reverse candles were printing on the daily that I felt was atleast time to be more cautious.

I noticed the same thing and posted about it in my weekly S&P thread:

Weekly S&P 500 Outlook The S&P is right in line with the possibilities I posted previously. . I previously said I was looking for a lower low (below 990) and then a lower high. It looks like we might have had the lower high but I'd like to see a 2nd lower close to …

Yep,.. I recall reading that..