Sunday, April 17, 2016

S&P500 into the Resistance Zone with potential Signs for a Reversal......OR not.

S&P500 Weekly Chart @ Close 04/15/2016
3 Weeks since the Outside- Down Day that heralded only a pause in the Rally; that said and we are not even 2% higher since.
Raft of overhead Resistances now 'front & centre' between 2104/ 2116 & the Record 2134 Highs.
Rare Tom deMark Set- Up in play (see chart notes) potentially the Signal that aggressive types should have their 'pencils' sharpened this Week.