Wednesday, April 1, 2015

Morning Charts 04/01/2015 SPX /es

Obummer has rescinded his presidency and is resigning today. No, no, no, we could never be so lucky. I had desires to give you a laundry list of April Fools lines like this, but as I started going through all of them I found it more depressing than funny. So, I'll spare you.

Be aware of moar bad=good. ADP Employment Misses By Most In 4 Years, Lowest In 14 Months could be the springboard for moar QE.

On to the lie - 

One word for bully - buybacks. 

 SPX Daily - Same story as the past week or so - dealing with red wedge support around 2062 support, the 100 daily SMA and long term channel support. 2062 is the first danger zone and anything sub 2045 all the red lights start flashing.  On the flip side resistance is strong at the channel 50% diagonal and the STB DOD around 2115. IMO, all things favor down over up right now technically, but then there is that buyback issue that tends to ignore reality at every turn. Whiplash Session Sees Furious Buying Of Futures To Defend 50-DMA As New Quarter Begins.

Freedom watch - 

This is a good one. Like tons of proof all in one place. Enough to prolly make you sick - Government Corruption Has Become Rampant
More to come below. 

Have a good day. 

GL and GB!

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