It looked like a strong day out of the gate in equities today but I wasn't surprised to see them roll over and close at the lows of the day. As you know (if you follow this site) there is a lot of resistance just overhead in the Technology Sector and that's about 23% of the SPX makeup.
The high trade for the SPX today was right at 2,100. As you also know (if you follow this site) this is a very important level. It was right where the market was before the selloff in August (remember that...when the world was about to end???) It was also the top in October, December, April, and in early June.