From Big Picture Perspective, Easy Money is Behind the SPX

The Feb-Mar recovery rally off of 1810.10 (Feb 11) is approaching very serious resistance lodged between 1990 and 2025, which represents the next likely target zone for the COMPLETION of a counter-trend advance within a developing transition period from Bull to Bear.

If such a scenario unfolds, then SPX has maximum upside of around 2% from current levels (1982/83) prior rolling over into another powerful correction that will take out 1810 in route to 1750/40, and then 1600.