View: SP_Apr_15.png


Update of a chart first posted in Feb, updated in Mar treating the mid Jan to mid Feb period as an intermediate double bottom w/ target of 2082. We overshot to 2083, however, there is now negative divergence on the daily chart supporting the argument for a down leg.  

Moving to the S&P weekly, what looked like a possible bull flag from mid 2015 to present is looking more like a down channel given the above, and also given that volume increased as price fell. There was also a bearish MA crossover on the monthly similar to ones that took place early in the '01 and '08 bear markets.  

Lots of indicators, now just need to see a sustained price move down....


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