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.

Saturday, March 19, 2016

Market Status, short and long term views.

The shorter term charts show the $SPX RIGHT UP AGAINST STRONG RESISTANCE:
With another trendline (brown) just above the one in play now:
The Big Picture shows a longer term trendline (green) coming down from the 2015 high, at about 2063. I doubt we'll ever reach that.
All of this sets us up for a crash in the late May, early June, time frame.

Tuesday, March 8, 2016

The correction in the $SPX _may_ be nearly over..

It should reach down to the green trendline tomorrow. I'm thinking that will be the end of the Bear, for now.
Should the correction decide to go deeper. there is another line (brown in this chart) that could satisfy the Bear.