The S&P yearly chart shows a possible long term(12 yrs) head and shoulders topping pattern. In 2000 and 2007 the market topped out when it got a 1500 handle. The 2012 yearly R2 pivot point is at 1530. If the rally fails there and doesn't make a new all time high, then look out below in 2013! Head and shoulders patterns are very powerful reversal patterns.