STB still down. Bottom line is that no one can figure out how, what or why the blog will not load. I was able to get in last night and do another emergency post, but it took about 30m to do what would normally take 5m. Somebody has hacked me good.
Greek default? Who could have seen this coming? LMAO, regular readers here knew it was/is coming. Actually anyone that can do simple math could have seen it coming. Apparently the Fed and the major money managers may have issues with basic math (we'll leave the president out of this conversation).
The big question is, if they do default, how will or can they contain the systemic risk among the banks?
The fiat dollar is exploding now, above the resistance channel and doing the improbable - breaking out? Of all things, for our dollar to be rallying should tell you what a joke the entire global financial system is.
I'll have to update this post and some charts as the day goes, I had a brief meeting here, a call from Inc and a call from Register.com that kept me from getting a full post up this morning.
Bottom line is watch the support levels (last major lows). If those go, odds are pretty good the SPX 1040 levels STB and the blog have been pointing to for some time now will be what to look for. Some have thrown out the 950 number. I have no issues with that as it is the most obvious point. Most know I want 1040 as the neckline for my larger HnS possibility.
This chart is not updated, but as STB has pointed out markets can crash out at anytime or they save it thru the election.
I apologize for being a bit behind updating and not giving the quality write ups you are used to. These blog issues have had me a bit distracted.
Friday closed with the 15m giving a pretty good buy signal with divergences in place and price stopping at support. This will obviously get trashed this morning. I need to do a post on aggregating the time frames into your decision making process (and then hoping the news goes your way).
SPX daily - 1120 support is key here and then the news on when the next stick save will happen. Fed September 20 date is most likely the date to be looking forward to. Does that mean we're down all week? Quite possibly. Again, if Greece defaults, can they control the contagion? This chart gives you to 1040. support picture.
I'll be updating a bunch today and plan on getting some more detailed posts out this week. Keep your fingers crossed that they get STB back up sooner than later.
I JUST EDITED OUT THE COMMENTS - SORRY - GOTTA FIX THAT QUICKLY - HOPE YOU LIKE THE NEW LOOK. BOY WAS THAT A SCREW UP - DID NOT EXPECT DISQUS TO GO AWAY!