31 Mar 2016 - EOM Closes Bullish As Expected

The likelihood of an ATH is a high risk.  We did not see a move lower in price and a move into OS range which could push prices in an impulsive manner.  It is not to say its certain, but the chance doesn't favour the bears at the moment.  This April month will be key to seeing if the candle will churn out a bearish look.  The upper BB line for the SPX is now at 2151.32.  The typical view of the top would be to pierce this level and close below it.

My personal view is that a top of sorts has been put in, but this is a personal bias.  The indicator is still up trending and bullish, therefore we must keep the course.

SEN: Bullish
ST: UP
PA: NA

The intra-chart seems to be forming a corrective price pattern, so I would say based on EW that there is another leg higher which would fall in line with the ST.

These monthly views and analysis has only one other chart or sector to contend with which is still bearish, and that is the financial sector.  It is never a good thing when the financials are the weak one out of the bunch, and it's usually not a good combination.