Sharp sell-off in the S&P coming?

[Tape Reader]

Sharp sell-off in the S&P coming?

I see the /ES going down towards 1795, or lower, soon. Anyone else?

[Valuist]

I'm listening to Art Cashin right now and what he's saying is true: anytime some bad economic numbers come out, the talking heads are always using the weather as a "get out of jail free" card. A nice, catch-all excuse.

Long term chart isn't broken (yet) so until otherwise, have to be long. We are in unprecedented territory with all the QE, so who knows how long they can keep the market artificially propped up.