LOCKED MI2 Chart Point: US Stocks at a Crossroads

US stocks are at a Crossroads. If the market can build on its recent gains, it would paint a technical picture which has in the past been associated with 30% average gains. But were it to break down again, it would validate the prior sell signal.  Outcomes will hinge on the Fed and the dollar. Renewed Fed dovishness could easily spook international investors who need to continue feeding the US $100bn per month to fund the deficit.