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.

$SPX in a EXPONENTIAL channel, terminating just above 2050.

Conventional Fibonacci analysis. Again, watch the entry into April for a top.