I've been posting many charts since March 9th about the Cyclical Bull market of 2009. You can see them by clicking on the following links below . They are sorted chronologically :
My feeling was that since March the S&P 500 would be able to rally extremely hard towards the long term resistance line (the huge diagonal line that i have drawn in every chart) at the end of 2009 early 2010. I still think that the equity markets wont be able to fall hard until the long term resistance line is tested ! I am confident that the S&P 500 will fail dramatically when it reaches this long term diagonal resistance line ! Note that it would also coincide with the gap around $110 (S&P 1100).This is when investors will realize that the so called recovery is starting to fizzle right before their eyes ! I really want this market to roll over and begin a new downleg,but I guess we will still have to wait for the S&P 500 to reach the LT resistance before we have some velocity on the downside (end 2009 early 2010). Until then it's a trader's market !!
SPY : S&P 500
