Weekly Crossover on the SPX

This is from RodgerDodger another great chartist over at Traders-Talk:

http://www.traders-talk.com/mb2/index.php?showtopic=81947

Here's another view from Teaparty - Another outstanding chartist:

http://www.traders-talk.com/mb2/index.php?showtopic=81926

So is this crossover a fakeout or confirmation of a downtrend?

My gut tells me the bears are pushings as hard as they can....

but I'm still in the bulls camp.

There is a lot of capital still setting on the sidelines