Tuesday, February 10, 2015

Morning Charts 02/10/2015 SPX /es

So Greece gets and extension? Did Europe just fold? No, they did not, but as ZH notes,

"But at least the Eurogroup knows that for the algos, Greece staying in the Eurozone is a EUR positive."
and SPX positive as well. Will it be given back? LMAO, is it ever? Move along. All is well. Nothing to see here. 

 I'd like to reiterate the STB warning to take profits when you can, because the swings from top to bottom are fast and relentless. STB always likes it when the "experts" come in well after the fact to confirm something we've been discussing for months now (three large tops ago). See Dan Loeb's Haunted House Market. I could not say this better myself,

"Avoiding dramatic downside in individual names and sizeable losses during inevitable sell-offs will be key to succeeding in this market and navigating successfully through the haunted hallways of 2015."
Most importantly this morning you need to be reminded of the ever expanding control/nanny state and how your constitutional rights barely exist anymore. If you do not know that there is such a thing as a "Constitution Free Zone" in the US, you need to check this out. Are you one of the 2/3 of the US population that lives in or even near the orange area in the map below? Just know as a US citizen, you check your rights at the door when you enter this zone.

I'm sure that you have seen all the smart car surveillance/security/hack capabilities recently. If DARPA is discussing it, then you can rest assured they are planning on using it (if they already have not - Michael Hastings). Maybe you have seen or heard about the electronic surveillance equipment found is random kitchen appliances?  I want to make sure that you heard about the news that Samsung Smart TV's ARE LISTENING AND REPORTING your conversations in your home to third parties.  Read their manual, it

  "informs you that the company may "capture voice commands and associated texts so that we can provide you with Voice Recognition features and evaluate and improve the features.""

"Please be aware that if your spoken words include personal or other sensitive information, that information will be among the data captured and transmitted to a third party through your use of Voice Recognition."

If you for one second can not see the fascist control state taking over, you are sorely mistaken. We have no control anymore. Your government does not represent or protect you from anything (example - Monsanto and FDA). The serve corporate conglomerates and are promoting the UN's sustainable development agenda. A global slave state is developing.

Biblical - Invasion Imminent: Jordan Stations "Thousands" Of Troops On Iraq Border

On to the lie -

SPX 60m - OK, for my overthrow of the descending triangle to work I need a breakdown here at this backtest of pink and black busted resistance. That's asking a lot especially sine they just gave Greece the RUMOR of an extension. They see the technical setup for disaster there and will fight using any means to defend this point. Blue resistance diagonal remains resistance near 2072. This would be a great place for them to try and park price above support and below resistance. I'm stubbornly hanging on to my bearish lean.

More to come below.

Have a good day.

GL and GB!

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