Chartology: S&P 500 Chart, Upside Down

Sometimes an upside down chart adds perspective… sometimes not.  What would you do with this chart?

**Other technical stock charts found here.

Tagged and searchable under “chartology.” 

Courtesy of stockcharts.com

 

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Upside down S&P 500 annotated daily stock chart as of February 10, 2012.  SPX.  Overbought. 

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Positions in SH and SDS at time of publication.

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of his employer or any other person or entity.