we are either at a top or at the brink of a new expansion phase. with more monetary stimulus coming, and an overall bullish fundamental backdrop for the markets, us losing the april trendline for the 2nd time doesnt worry me too much. we will see a big expansion if it does break above the top resistance trend line which has been resistance since 2012, but right now we have seen 2 rejections and a possible double top, however we all know the fed will do anything they can to prop the markets up. until the fed loses control we will continue to see bullish price action.