Bigger picture on the $SPX not bad yet

If we take a step back and look at the $SPX on the monthly view, we see that the MACD has been embedded up at the top and wanting to begin a downward move now.  Looking back at 2005 we can see that the MACD didn't fully cross, but when it does, look out below.  I hope QE3 will have enough gumption to continue an upward trend albeit another 6-9 months.

If we step in a little bit, the weekly MACD has crossed but there is still a possibility of pulling out of this at the 200 daily moving average or the 40 week line.  The trend lines are comfortably below us so there is no reason to believe the Mayans got it right for the end of this year.