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SPX - Point of Confluence

TVC:SPX   The S&P 500 Index
We have arrived at an interesting intersection. Yesterday's (11/22) high was 2204.8 and today's high was 2204.07, which is what we closed at. Today's candlestick looks strong. However we are entering an interest crossroads where we are hitting the ceiling of a 1.5 year trend line , running into an extremely high PE ratio, an impending rate hike, higher interest rates, and questionable future growth. Maybe its time for stocks to take a breather.
Might be longer. Many possible trend lines and time horizons currently. Next "breather" could be next month, or it could be next June (June 2017). Patience and a long-term view usually pays off. Patience. Let the market come to you.
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At the very least...This looks like euphoria
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