S/T Sell Signal at 2065

May Day !

Failure at 2071 in conjunction with both OSC and T volume oscillators negative.

It looks like the break of the upward rising Gann support line and the expiration of the split centre T structure and the 70 day pulse from the January low have all coincided to initiate a move lower.

Chart of S&P500 for 2 May 2016

Hanging on

Still hanging onto the support line.

Looks tired but without a catalyst will continue choppy grind higher, especially with the central banks accommodating behaviour and too many bears.

Chart of S&P500 for 28 April 2016