The Monthly S&P Futures chart has a trend line from the September 2000 highs to the March 2002 highs to todays high. For a long-term punt, be short the June S&P with a stop above today.s high of 923.70. The 50% retracement of this 7 week 136 handle rally is 68 handles of reward. 8-10 handle risk. I like the Risk/Reward ratio.