Spx long moving average should be resistance, gap from last year on the SPY chart has been filled according to stockcharts but bigcharts and yahoo show it has not.

A reader asked if I still think the market will go down into March/April 2010, after just reviewing some charts as of Sept. 25 - I think the prediction for a low in March/April has a 100% certainty, in other words I think it is carved in stone. The CRB index is confirmed big time for a low then as well as many other charts.

Sept. 19th Update: Value Line Arithmetic using Yahoo and Stockcharts data is projecting September 23+/- a day for the high, the latest possible would be the week after.

Value Line Geometric index, late Sept looks like the high, there is also a 'T' that peaks then.

Note the small volume by price bars in blue...magnets