maybe this is this big reversal, page-22

Due to the SP breaking through the .55 resistance ( which is now support ); the new resistance of .60 will be the testing ground for any further upward SP movement. Indicators are suggesting a SP trading range between support and resistance for the short term. 20MA - .545 with 60MA - .61 and Bollinger Bands high - .58. Stochastic, William%R and RSI are nearing oversold levels. Bollinger Bands are widening; suggesting the previous channel trend has come to an end. Providing the SP trades above the 20MA and with reasonable volume over the long term; it should maintain a move north.IMO