S&P 500 At Established Resistance

4 mag 2016

The S&P 500 cannot close above 2105. What can push the market through to new highs and into a decent trend? The Fed is out of ammo and will eventually have to raise or risk never-ending abnormal borrowing costs. Normally a series of hikes are needed to derail a bull market but this market is unusually sensitive and hints of tightening send it into disarray.