trend is up but watch the Gann square !

The news of Bin Laden's death is exactly the kind of event that could trigger a final spike in this rally.I am not saying we will reverse or that we "should"..as documented before we broke to new highs in the S&P and the trend is up but just be aware of the potential for a reversal on this news and  the 360 points/1 year Gann cycle.There are very few bears left now and most people are calling for 1400 plus so IF we get a reversal it could be potent.Ideally a weekly candle reversal is what bears should hope for to trigger a trend change.Clearly the dollar would be the likely key so watch the dollar