SPX needs to close above 741.02 ASAP

Bears don't need to prove anything here. The ongoing declines result from prices breaking outside their range after over three months of sideways consolidation. I have published targets on the SPX and INDU that are wide open for a test during this I.T. sell-off.

Why would I continue holding onto TWM, for example, after it's up over 50% in just 3 weeks? Don't I fear losing a significant portion of my profit due to an imminent I.T. rally?

I say, well, why sell it? I need to see some proof of a reversal - the easiest of which would be RUT closing back above it's 11/21 low. The second would be a weekly bar which tests the previous week's low (as with the present week), rejects the low and closes above it, all on lighter volume. Every day brings more opportunity for proof, but the Bulls need to step up.