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KrunchieKilleen

SPX500: The uptrend may continue, but a downswing is imminent

Short
S&P 500 Index (FX:SPX500)  
KrunchieKilleen  
FX:SPX500   S&P 500 Index
1
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A simple one-year chart, on which I have drawn the 5-year Resistance Line, suggests that, even if the uptrend continues, the price will now swing downwards. I expect it to drop from its present 1976 to 1940 at least. Could this downswing also be the signal for the big correction to happen? I don't know.
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