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Friday, May 27, 2016 8:43:24 PM
SPX 30,60 and IWM 60: negative divergence on the RSI all charts and SPX broke out of the steep blue up fork on the 30 chart, so a pull back is possible and likely, however it seems that both indices went past the large up fork ML and backtested it which is a bit bullish. Still have June 15 as the soonest for a top and looks very good for it as well still. June 15th is FOMC announcement and very possible to have a rate increase then.
if it looks right it is right
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