the chart speaks for itself.
The SPX could have a top in, as it has now hit trendline resistance from three different sources, we just need to see if it starts breaking down with increasing volume and breadth over the next couple of days.Levels have not changed from those posted this morning.
(Rant)Maybe I just got out of the wrong side of the bed, but that feeling of our Government systematically destroying our Dollar buying large chunks of treasuries to keep rates low seems like suicide for this economy. Business and individuals are not willing to borrow, not because of high rates, but not wanting to take on debt, or add more debt when they see future forecasts showing little improvement on the horizon. Increasing commodity prices caused by a weak dollar does our manufacturing base no favors, and what little gain we get from increased exports will not off-set the increasing prices consumers are going to feel in their pocket books.