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.

Anatomy of a crash - 2008. Steep declines and crashes are often initiated by the overlap of Fibonacci time ratios.

The exponential markers I use, derived from fib ratios, warn of severe declines following a top when they overlap from more than one study..

Similar situation will occur around the 8th to the 10th of June of this year. Not expecting a 'crash' but a steep decline, nonetheless.

Price forecast for $SPX out to early April

Now that we have some data on this move out of the February 11th bottom, we can see which exponential trendline is being followed (the green one). I have extended that trendline out to where I believe it runs out of gas, ideally, on or about April 4th. Looks like it reaches about 2050 or so.

When you plot this as a LEVEL, you can see that puts you just 62% higher than we are now. That implies a lot of volatility with not much progress for several weeks, certainly what you might expect of a weakening market, getting ready for a very bad summer and fall.

The recent pattern on the $SPX is almost a harmonic pattern. Those of you familiar with such things will see this is a cross between what's called a Fibonacci Butterfly, and a Fibonacci Crab pattern.

More evidence of a coming bounce in crude prices, this time from a more conventional approach.

Still think it anticipates a big war in the middle east.

A lot of talk like the sky is falling today. Market should hold about where it is now. The rally's not over.

The origin of the graph on the left represents the bottom on 2/11/16.

The fellow who does the Youtube videos called 'Realist News' just asked an interesting question. He asked if the 80:1 ratio of the price of gold to that of silver, is about to change.

One can never be sure of these things, but there IS a wedge forming in the chart pattern of that ratio. It looks like this:

Best I can say, is that wedges sometimes fail as they get about 2/3's along. This type of wedge often fails 'up' rather than down, but I think that's unlikely here. It might fail by the end of the year. That would also be a sign of a weakening financial system, which we all know is going to happen anyway.