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.

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