http://globalmarkets.anyoption.com/
DBBSZ, the Double Bollinger Band Sell Zone, (area bounded by the lower 1 and 2 standard deviation Bollinger Bands (the lower green & orange bands))
S&P 500 MONTHLY CHART COURTESY ANYOPTION.COM 07jun12 0552
The key take away point here is that traders and investors must remember that the rally that began in 2009 remains a corrective multi-year bounce within a decade long bearish double top (that began with the dot com crash and completed with the start of the current Great Financial Crisis from too much global debt) until proven otherwise.
So far June is looking like it may provide confirmation that April’s multi-year high was in fact a lower high in the context of a longer term bear market.
