S&P at Critical Juncture

It has been a relentless run in stocks but with China trade talks looming large the S&P is flashing a warning. While obviously not guaranteeing a similar outcome, this technical set-up didn't work out well for the market the last two times... One possibility, is that a further selloff is required to scare both parties sufficiently to get the deal signed.

June 4th 2019 - Update

We got to our initial support and bounced. We are in the sell the rally camp for now...