Still don't have my thoughts together on 2015 yet. Pretty sure that the 2015 post will be the year the SHTF furthering/confirming many BOY posts I have done in the past. I think this is the year we the sheeple finally will have had enough.
Funny looking at the news over the past week, it's painfully obvious that nothing has changed and things are only getting worse. The lies are getting deeper. The various precarious situations are worsening. The truth continues to be buried.
The biggest question we have early this year is will the new congress be the one that enacts the change we voted for or another group of rubber stamping politicians that serves the establishment? The other big issues will surround the expansion of the nanny state, police state, surveillance and cyber security. The EO's of our fascist leader will expand as he continues his destruction of America. As for finance and the economy, LOL, this will only be an extension of the past five years where data manipulation will continue to rule the day and bury the truth even further. Capital controls will further. MSM manipulation will finally become an issue this year. Global issues, war, terrorism, false flags, subprime and the lot will continue to worsen. The worst, the continued persecution or degradation of Christianity. It's not gonna be a pretty year.
On to the lie -
SPX Daily - Note the pink dashed line for TNX, it's level and the correlation to the last two bottoms. Not saying anything other than the last two lows occurred when TNX hit this level. It seems to be a point they don't want to go below for obvious reasons on the bond side. Can they continue to support both the stock market and the bond market that appears to want to assert its self? Is something about to break?
The STB called drop and pop to create the rising wedge formation (red) played out, and now the potential final bull trap to set a double (if not triple) negative divergence is in place. I'd actually prefer that upper red resistance be overthrown before calling a top. Not sure if I'll get that, but the wedge is in place.
SPX 13/34 Daily - I hate the 13/34 charts but have come to like this one - first the 13/34 bear cross has proven to be a great buy op. Second, when the 34 is crossed to the south it is usually not a good thing.
SPX Weekly - Scared? If you are not, you should be.
More to come below.
Have a good week.