Tuesday, September 16, 2014
Morning Charts 09*16*2014 SPX /es
Other than the fact ISIS is selling oil to EU countries, the really bad news that came yesterday was that UK Hints At Next Reserve Currency, To Issue Chinese Yuan-Denominated Bond.
So that's a good/good for US policy if bad=good, right?
I'm not wimping out again on the post this morning, I just prefer to wait to go overboard on any analysis with the FOMC and Scotland vote both on deck this week. All of us here at STB got a pretty good grip on what's going down globally. No refresher courses are necessary here on the dollar dilemma, debt, wars, sanctions, bonds, markets, CME/PPT, corruption, fraud, algos, HFT, TBTF/TBTJ, bail-ins, hyper rehypothecation, fiat, fractal lending, ebola, nanny state, NSA/DHS/CIA/FBI/FEMA, and the rest.
On to the lie -
Weekly SPX - I've been saying sub 1886 is where the serious sell stops are for some time now. I'd say sub 1870 (a point that several experts have pointed towards lately) could make it game over. Oh, and sub 1870 there is no support to 1650. That may make for a terrifying free fall if it were to occur. And that doji last week?
More to come below.
Have a good day.
GL amd GB!