Yep. I noticed that too. That chart worked great for several months there when SPX was trading directly inverse to bonds and the dollar but they've certainly decoupled in the last month or so. Not sure how it will work this time. Actually, looking at other indicators I think SPX is closer to a intermediate term top than a bottom but I wouldn't be surprised to see a run to 1340 before any big down. That will get the bulls extra greedy whilst the last bears throw in the towel. Exactly the kind of crap da boyz like pull before a cliff dive.