Another Friday, and another SPX close at 2,100. You can see here why 2,100 is an important level for the SPX. It was the top of the range in April and over the past week. It was also the level that it was at when the selloff began last August when the world was going to end as well as being where the market peaking in November and December. There's no need to be in this market now and I'm on the sidelines until we see which way it breaks.