This chart (for the bears) may be back in play.
There is a small negative RSI divergence on the weekly SPX.
A good push by the bulls can cure it, but if it holds, one can dream about a test of the two year moving average.
The chart is also notable because price has pierced above the rising tops line.
As this is a log scale chart, that means the rate at which the SPX is been appreciating from the 2009 low is accelerating.
Parabolic is the word. All hail the Federal Reserve I guess...
I remain long an SPX runner.
I am now short the R2K with one profit unit scaled out overnight.