Wednesday, April 27, 2016

Fed is pumping, terrified of a collapse, but can't surmount the channel. Here is the $SPX.

In calendar time, you can see the gradual flattening:
At market tops, strong hands sold to weak hands, which was usually the public. Now it's Governments...

Tuesday, March 29, 2016

Proceeding towards the end of the rally.

The down sloping trendlines are inhibiting further gains. The bullish phase should end as we turn into April.