The price action here is coming down to the second level trendlines, which may provide support. We are in a high risk area now. The rally is somewhat getting long in the tooth, although the $NDX secondary nodes are still in the .3 to .41 range, which is rarely the end of a move. The secondary nodes for the $SPX are showing one at .494, which means there is cause to think the $SPX rally _could_ be over. It may however ignore this one, as there are two more .500 secondary nodes ahead of us, the next one in fact being 7/15/09, same as the major Bradley turn date. My guess is that the market will recover here and top at the Bradley date. For the $SPX, that might be a lower top than the one on 6/11/09...
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