Looking at the logarithmic scale chart of S&P 500 we have clearly broken the uptrend-line since March 2009, and is currently seeing a possible back test of the trend line. At the same time a possible Shoulder-Head-Shoulder top might be forming. We have a lots of "Ifs and mights" here so we will have be wait for confirmation if a top is building or the uptrend has resumed (that would take a break above 1,370.51 thus).I will add, that looking at the linear scale chart the uptrend-line since March 2009 hasn't been broken.
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