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Thursday, 03/17/2016 11:48:54 PM

Thursday, March 17, 2016 11:48:54 PM

Anything can happen in this crazy stockmarket. But the way it seems both technically and fundamentally is that today we hit the top. There is brutal resistance above the 205 area (specially at 207.5) and SPY has failed many times to exceed 2015 tops.
"But this time it will be different"...

The rally is over. Now we will see sideways movement before inevitably start trending lower.

"Unless" the FED backs out and decides to cancel rate hikes forever and ever and start pumping stocks again with Quantitative Easing, losing more credibility in the process and enlarging a bubble that will eventually pop outrageous.

That is the only way the Spig will go beyond 210+

JMO of course

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