Smart Money Sentiment above 80%

Yesterday was 1 year anniversary of 2012 high and we closed at 1570 to post highest close ever for SPX.  Today, we pulled back to 1549 and closed above 1553.  Minor uptrend channel has been broken. However, larger uptrend trend channel is still in tact.  Smart Money sentiment is still showing above 80%, which is still bullish until sentiment is broken below 50%. 

McClellan Oscillator is showing oversold, so we may bounce tomorrow.  In the short term, I'm watching 3.5 days from yesterday's high for a change in minor trend.  It may become a beginning of a major trend, so that would be Monday.