Monday, January 20, 2014

Morning charts 1/20/14 SPX /ES

That light at the end of the tunnel? Uh, yeah, uh, not good. Not what you want it ti be. Best get out of the way cause that's the reality train barreling down, not some sign that the end is near. 

SPX Daily ShortCloser look at the nastiness of the daily chart (including the ominous narrowing BB)

Yes, and by my count this is the 17th neg div without major correction and a whole slew of reversal candles that have been ignored.
Notice the lower black wedge being overthrown by the red wedge - This is nuts.This by all and every right, should be the final push/ wedge. They can not take it any higher here without creating some space or simply going vertical. 

Have a good MLK day. 

Enjoy the holiday. 

GL and GB!

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