Ominous chart…

Posted on Jun 30, 2015 by in Letters

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p76611673066&a=266398464

If you're looking for trouble you might have found it.  We will belabor the obvious by pointing out the negative aspects of this chart:  Possible (maybe even probable) head and shoulders; Neckline penetration reacting to Greek tragedy; Penetration of mar09 trendline (!!).

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=7&mn=0&dy=0&id=p29060750188&a=414449998

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