It's been a while, but we have a confirmed 'double bottom sell signal' on this SPX 10x3 H/L chart, confirmed by todays opening. SPX remains some way above its long term (dark blue) bullish support line and I have added an intermediate support line also in blue. Target given by the column of 5 '0's from the peak is 1,740.
QE has wrecked havoc on all kinds of chart analysis and P&F has not been immune - lets see how this plays out. There are still plenty of targets to the upside still in play but for now the bears have the ball.