SPX Dips Into Bear Market Territory Down 20% Off the Top

The SPX closing top was 1363.61 on 4/29/11.  Taking 20% off this number is 272.72.  Thus, 1363.61-272.72 = 1090.89.

The SPX failed at 9:31 AM EST.  Current print is 1087.04 at 9:33 AM.

Hello bear market, nice to see confirmation on Keystone's secular signals that turned bearish weeks ago.