SP500 Very big perspective to daily trend. From above to down. 1984 - 2012, next trend from 2007 - 2012 and finally Oct 2011 - April 2012. Look at the first chart. From 1982 to 1995 the index climbed slowly. 1995 to 2000 the big move came from 500 to 1.500. Then down to 800 and then up to 1.500 again and again down to 800 and now at 1.400. Yes 1.500 again is a possibility but not higher. When ever the current up trend is over there will most certainly be a drop to 800 again. If 800 should break we will be back at 500 and 1995 again.