21st Central Bank "Policy Ease" Of The Year - At this "rate" we'll all be in NIRP land before you know it. You know, when things are going so well, and when the now 6 year on economic "recovery" is still being referred to as a recovery, then you've arrived in a place they call The Twilight Zone.
On to the lie -
SPX 60m - Cause I like this chart. I'm hoping (that after 6 years of this) a rising wedge will signal what it is supposed to - a top.
SPX Daily - The wedge in its glory. Now, these have been crushed by the central planners time and time again. I get that, but you must respect their historical premise. You are looking at a case of 5 (possibly soon to be 6) technical overthrows (black vertical lines) where central planning has blown through solid historical negative divergences. Of these 5 only one produced any normal correction, and that was stopped only by some well timed Fed Speak that was no more than a promise. When this thing let's go, it's gonna really let go. Take profits while you can.
Freedom watch -
This should comfort you, Obama pressing for federal control of local police
Actual good news? This is what happens when you drink too much Kool-aid - Obama's Nobel Prize chief gets dumped“The U.S. Department of Justice, through the Office of Community Oriented Policing Services [COPS] and Office of Justice Programs, should provide technical assistance and incentive funding to jurisdictions with small police agencies that take steps towards shared services, regional training and consolidation,”
So it's not just the bullets they are going after - remember folks - this is the last step before they go for total control. This should, IMO, be tied to a market top. As soon as they get the guns under control, then they confiscate the wealth (or what's left of it). Obama Admin Is ‘Going After’ Gun Dealers
More to come below.
Have a good day.
GL and GB!