Wednesday, May 25, 2016

Morning Charts 05/25/2016 SPX /es

Ah, exam week for the LS's. LS2 completes middle school today - OH WHAT A JOY that is. LS1 still has 2 more exams. Just learned that I have a breakfast to attend Friday, so Ill be late then as well. This takes us into the STB summer schedule that will start next week. Usually in the summer I get the posts done at night and roll in whenever in the mornings. I'd prefer to have the futures to cheat off of and other things that pop up in the mornings, so I'll try and be a bit less of a sleepy head and get some morning posts up. 

when the big money stops spending, everything grinds to a halt - to me this was a significant top marker in '08 - Tiffany Shares Slide After Biggest Sales Drop In 6 Quarters, EPS Miss, Guidance Cut.

On to the lie - 

SPX 60m - Larger HnS is in the RS now, if it is in play - target is in black.

 
SPX 15m - Gonna blow thru some neg divs at the open. Over 1085 and that's a higher high. Really screwy price action - not sure how many bears there were to stick it to. I'm assuming not that many, which leads me to believe this rally will fizzle sooner than later.


Freedom watch - 

She's a fucking elite criminal and half of the country is dying to have her as president - the end is closer than you think - Here's The Full List Of Organizations That Paid Hillary Clinton From 2013-2015 and if you don't know about Vince Foster (or the other 47 deaths associated with this evil psychopath) you should.    


More to come below. 

Have a good day. 

GL and GB!

Tuesday, May 24, 2016

Morning Charts 05/24/2016 SPX /es

And they somehow maintain control over price? Must be nice to be in total control - The Fed's Loss Of Credibility Is Real: This Is What It Looks Like

"Which raises the question, “why tighten now?” Inflation below target, but too many jobs being created seems an odd rationale after so many lean years.

With equities still hovering near all-time highs despite earnings being suspect, and global trade under attack, it’s hard to argue anything priced in.

What cost are they prepared to pay to give banks better net-interest-margins?"

On to the lie - 
 
SPX 15m - Well, last week I was all over consolidation and Black resistance and Blue support. Other than that brief moment of insanity when price dipped to 25, they are hanging in there not allowing price to fall as it should be. The pop this morning should keep price under Black resistance - can the bears keep it there is the question. 2064 s/r is tr really big number to watch to the upside. The large HnS is still in play and should not be discounted.

 
SPX Weekly - It's really clear what the Fed is fighting here as price consolidates above MA support and under critical Black resistance diagonal and 2064. They are fighting to stop the next leg down (and it would be a big one). So they went hawkish? At this point? Balsy! Funny, that big ass HnS everyone is looking at is that tiny little area making that top at resistance here. Looks a lot bigger elsewhere. That's OK you can see an even bigger one here - that's what scares the Fed.


Freedom watch - 

We're doomed. 




More to come below. 

Have a good day. 

GL and GB!

Monday, May 23, 2016

Morning Charts 05/23/2016 SPX /es

early post. I have a board meeting this morning so no post. I'll be in around 10 I guess. I'll get on it then and put up some charts below.

5 and 15m charts are good right now. Weekly ma support and 64 resistance should remain the band. Daily pos divs showing up. HnS possibility still in play. Anything above 64 and bully may break out of the nt channel down.

Have a good week.

GL and GB!

Friday, May 20, 2016

Open Weekend Post 05/21 - 22/2016

You know the drill, share the love and the knowledge. 

If you see it, share it. I will as well. 


Have a good weekend. 

GL and GB!

Morning Charts 05/20/2016 SPX /es

Well, you're on your own today. I'll have time here and there to check in, but that's about it. 

On to the lie - 

SPX 15m - Tough spot - not sure what the futures will hold at this time. Backtest busted support and neckline and fail or can a hawkish Fed do the impossible and push back thru resistance?



Y'all have a good weekend. 

OWP will be up at 4:00 

GL and GB!

Thursday, May 19, 2016

Morning Charts 05/19/2016 SPX /es

Well, they are stubborn SOB's - Global Stocks Slide, S&P Set To Open Red For The Year As Hawkish Fed Ignites "Risk Off". I'm not really sure what they are trying to do destroy the nation and enslave us all, but it's their game, their market, their money. The good thing is that jobless clams are terrible, the Fed goes risk off, markets just busted critical support with a massive HnS formation above - and futures are basically flat. Go figure.

On to the lie - 

Well, someone here has been looking at 1575 as a real target in a major breakdown for over a year now. Nice of the experts to finally catch up. It's not rocket science. Why the S&P 500 could sink to 1573.


SPX 15m - Let's see if my black R to blue S holds up. Descending triangle and HnS breakdown on verge - 'they' better do something fast.

 
Freedom watch -


More to come below. 

Have a good day. 

GL and GB!

Wednesday, May 18, 2016

Morning Charts 05/18/2016

FOMC day! Oh joy!


On to the lie -

SPX 60m - Well, can the bears pull it off on an FOMC day? 



Freedom watch -

Religious freedom - Nearly 100 schoolchildren 'possessed by the devil' have 'contagious visions' of man in black trying to kill them




More to come below.

Have a good day.

GL and GB!

Tuesday, May 17, 2016

Morning Charts 05/17/2016 SPX /es

How does “One Big Worldwide Bubble”: Cusp of 30-Year Bear Market in Stocks and Bonds sound? #=notgood would be an appropriate and modern response. 

"“The whole idea you buy stocks and hold them for 30 years was never correct. … The typical investor should be out of stocks and out of bonds and wait for a crisis, and buy during a crisis.”
Maybe this is why one of the shrewdest billionaire investors ever has done this - Soros Makes Gold His Largest Holding As He Cuts Equity Exposure To Lowest Since 2013, Doubles S&P Puts

Time is no longer on your side - if you have not taken my rants and nuttiness over the past seven years seriously, maybe you need to reconsider your ignorance is bliss stance. This is not hard - you did not take common core math. You took real math, and the way things add up there is only one outcome.
On to the lie - 

SPX 15m - 2064. The number I thought would possibly end the run off 1810 low. The last S/R point before another ATH. The number that defines the cliff keeping price on the mountain and precariously above the abyss. The number that was only achieved by Fed intervention (via well timed 'news' or Fed speak) twice to keep this rally alive when the market should have rolled over and reversed.


SPX 60m - I'm positive I don't need to recount the wedge and rollover. There it is, the big ass Head and Shoulders. Well, I've seen it coming for weeks, you see it, "THEY" see it ... and "their" seeing it is the problem. This thing is primed to shit the bed.


SPX 60m - Good look at the HnS on the right. Better look at the three consolidation areas I've been pointing out for over a year now. Here is a great look at what "they" are protecting against. 2020 and 1990 are gonna be key battlegrounds if this thing lets go - or else that lowest black support diagonal should come into play.

 
Freedom watch - 

Well, tell us something we do not already know - must read for those in denial - "We're Running A F**king Casino" Congressman Admits DC Is A "Sinkhole Of Leeches"

"“Voters are incredibly ignorant. It’s far easier than you think to manipulate a nation of naive, self-absorbed sheep who crave instant gratification . . .,” vents Congressman X.

He says money “corrupts” and House members are “puppets” to lobbyists who bankroll their campaigns."

More to come below. 

Have a good day. 

GL and GB!