Have we set an interim or a lengthy top in the S&P 500 last friday, June 20? Is this the start of a trend? Julien David thinks so.

“At G20News.com it is Breaking News that the S&P 500 Index hit a record today, Friday June 20th, 2014. Whether we see red boxed Br. News on television or headlines in newspapers Saturday morning is an indicator of its own.”, said Julien David, Editor-in-Chief of G20News.com.

G20News.com did spot this trend last week and published this article, “S&P hits all time High”.

“Take note of the date, price, Emerging Market prices and media coverage as indicators for future trends.”, noted Julien David.

This remains to be seen as the week closes for June 27 and further economic data next week will point the way for a trend setting in with the S&Ps.

There has certainly been a move to safety trade with purchases of Ten Year Treasuries in the United States. Some of the move to Bonds is because of the Federal Reserve Chairwoman Janet Yellen saying that rates will remain low for the foreseeable future.

All charts used are created by the User in the TD Ameritrade App.

S&P, Ten-Year-Bonds, Yellen