S&P 500 - Could be in a topping process

You might be asking if my indicator works on other indices too? Judge yourself, here it's used on the S&P 500. It showed a clear divergence at the top in 2007 again at the bottom in 2009 and we are currently seen divergence too. This is no top or bottom picking tool, but it tells us is the odds for a top or bottom is in our favour.
Looking at S&P 500 we could be in a topping process, but the picture is not as clear as it was in regards to the Danish OMXC 20 index. The Maroon line is still well over the price-curve. When the top or bottoming process is close to its end the indicator tends to cross the price-curve in the opposite direction and it's not even close to do so yet. That might tell us, that there is more upside to come or the topping process is in its early stages. A break below the trend-line since March 2009 we tell us, that the rally has become much weaker and the the topping process has begun for real. A break below 1,294.70 should be a clear warning, that the S&P 500 has topped.