Monday, September 22, 2014

Morning Charts 09/22/2014 SPX /es

Nothing hot coming into the week. Let's see what develops. For as many things that are on the grill, something is going to flame up sooner than later. In a fed supported news driven market, things should be rather normal till something breaks I'd suspect. 

I'd keep a close eye on the JPY. Something is really wrong there and the delayed reaction to it cold be more than painful. I suspect something is being suppressed. Like any problem that you ignore too long, things usually get worse. 

The USD explosion continues. This only males one wonder, how does overly supplied worthless fiat go up in value? 

Markets are technically a disaster zone, so, as usual, any slip and losses will be quick and dramatic. It's a long way down as well, so be prepared if this things should turn. 

On to the lie - 

SPX Daily - well, I thought this chart looked bad Friday. Guess what? It is even worse today. We just continue to drift deeper and deeper into the matrix. 1950 is the floor now for any correction. 

More to come below. 

Have a good week, 

GL and GB!

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