Not sure if we move higher here or not but the SPX is chopping in one of Oscar’s “F” Flags into overhead resistance (small Green Flag). Not sure where the SPX will top for this IC but I am still expecting the next 5-6 month Intermediate Cycle Low in the June/July timeframe.

Will it be a Higher IC low or a Lower IC Low? Time will Tell 🙂

Screenshot 2016-04-23 09.34.59 Screenshot 2016-04-23 10.04.58