The $NDX chart at the top shows the current price action 'skewered' like a shish-ka-bob on one of the trendlines (dark green, upsloping)...it's really the microtrendlines I have been showing in previous posts that seems to be controlling the upside on this index. The $SPX, on the other hand, is topside limited by it's 'macro', longer time derived trendlines, and you can see it's still reasonably close to one of it's .500 nodes (center image). We're still under a 'Bearish warning' condition, and all the more so with the dollar strengthening...
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