SPX just posted a potential bearish setup: http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p44397243472 We need to have bearish confirmation in the form of a gap down or big negative day on heavy volume, before taking any trade. Ageressive traders (like me !) can short SPX right here. 2-Apr-12 high of 1422.38 is resistance. Is this an intermediate term high ???