Trend Still Up unless

We have the EDT still in force. 1315 area or as AGET says it's complete now with (5)-5-V.
I have put on the target the elips offers 1280-1250
Monday watch 1309.02 then 1297.07 ( pivot @ 1298.52) then 1294.64 other than that, I see no chance of a CIT.
This chart of the percent of Spx stocks above their 50 day SMA is not all that bearish as yet.
A break under the 50 level is an alert and under 45 a sell officially.
I have added speculative lines that in fast markets give good sells or buys. Some key area's like January high 2009 and March low 2009 stick out. Mid Oct 2010 vs Jan 2011 may offer a divergance since we have climbed higher but basically we are are still in buy the dips mode.