#SPX has hit a .500, .750, and 1.000 Logarithmic node on different studies synchronously. The rally is now over.

When Logarithmic nodes are 'close' after a major top, often this results in a rapid fall. As in 2008, and maybe now.

The ideal time for the #silver ETF to bottom would be when it reaches the 0.125 X-axis point on last pic. Wed or Thursday.

$SPX fading. Showing a new set of charts, ROC Momentum, time corrected. These show the fade also...

These two logarithmic studies are describing trendlines of resistance (1st pic) and support (2nd pic) for the $SPX.

Key trendlines for the Silver ETF have been isolated. The numbers on the X-axis, tie in to turn dates.

Gasoline price following its support trendline. Data through May 6th.

Bitcoin ready to jump higher.

In confirmed bear mode, these two charts currently represent price action. Targets are early to mid December.

Should get down below 1700 on S&P.

Bouncing on the line...

The trajectory of current gasoline prices would put it back to the old highs by Spring 2018. Weaker dollar will cause this.

The transition from bull to bear on the $SPX is underway. It's now fully below the trendline we've been watching.

Today it reached and bounced off of one just below the previous one. These trendlines are 'exponential'.

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...

This recent top in the $SPX is an outlier. Reflects panic over European Banks, and Chinese new gold window. Pumped.

As $SPX becomes overbought on RSI, a potential wave count shows a possible wave 5 that is Fibonacci 50% of wave 1.

$SPX has now tagged upper long term trendline. As in past tops it sometimes goes slightly above before reversing.

$SPX higher, but unable to hold upper trendline...weakening.

$SPX reaching towards highest of 4 possible long term trendlines @ 2091.

Although the $SPX range for yesterday was MOSTLY beyond support, yesterdays close was still above, so up again. OOPS!

$SPX respecting long term logarithmic time based trendline from the top @ 5/20/2015.

We're now beyond the support trendline (brown) that produced the rally out of the February lows. Rally is now officially over,

Expect sideways to slightly down, price action from here.

I post occasionally on Twitter, handle is @mlytle0

Rally will be declared over, when price action falls completely below the brown trendline shown. Should happen this coming week.

Tentative projection into late 2016.

$SPX completing 5th wave of the rally, and touching high, long term trendlines.

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.

Market Status 3/24/16

Current market up against resistance

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.

Bitcoin faces a test here, at the brown trendline. I believe it will correct, but recover.

Current status of $SPX channel as of 3/15/16

State of the Market

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.

Another reason why I think there will be a significant pause in the $NYA (and the other indexes as well) on Monday. A lot of Fibonacci alignments. Probably not the end of the rally though.

Significant pullback in $SPX may start late today or Monday. There is overthrow on it's channel, and another trendline (green) has been breached.