I was looking at my chart (SPX daily) that I've posted many times, and noticed how we've been dissing the bears somewhat and not really rallying. Then I noticed my two lines, the red - resistance and the green - support. I looked at it through 2009 and seems that we could say we've traded in this range since we entered it Sep 2009! That's about 10 months ago!. Anyway so I guess its important and would be interesting to keep an eye on. Breaking above the red then might seem a bit implausible no? Although we've got to go over the 50% line first.
The stochastics were similar right before the flash crash
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