The tipping point….

Posted on May 15, 2015 by in Letters

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464

Well. is this it finally?  Could be as we will see further down.  No question the SPX has made a higher high and has pierced the uppper trendline.  Given the unreliability (if not treachery) of the markets lately one must not depend on anything, and the way technicians deal with uncertainty  is waiting.  So we wait for confirmation of the penetration.

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