SP500 - Risk reward 2 up by 10 down over 4 weeks.

Although it looks like there is a breakout, there is not actually much space available to climb.

At best SP500 could climb 40pts in the next 4 weeks (2%).

If a failure occurs which i believe is likely, SPX could actually fall 200pts (10%).

Note: the config is very similar to july 2007... the market had rallied 18weeks and climbed 15%... plateauing for many weeks and pretending to breakout for 1 week or 2 before it fell 10% .... a repeat would not surprise me.

I I think it will fall. I want it to fall. let's see.