Pause in Advance
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvlbu5RJQKyZ3Fmll-MXwf-yvYi7lCW_ZRSmX2Gw2nupdMQjWg93A6hldRv5HuLyH6imtJHv6b9xTziiJGjK7t8lfYGcrNbmEI9x8UlG72mDRyF5r2KvTMpOfH6uaU_S5JkiqSSA/s1600/SPX_May31.png)
With indices knocking on the door of new highs for 2016 it was of new surprise to see some profit taking. The S&P has struggled when it gets to 2,100, but each run at this resistance level weakens its importance as resistance. I have left the marker for the head-and-shoulder reversal, but a close above 2,111 will negate it.