I have a feeling that my great unease over the past few weeks is going to be validated - only of course to be refuffed by QE4 - only of course to be greeted by the next (and last) great crash. It appears we will continue to trend towards that Fall collapse. Bonds are all over the place with the 10y collapsing.
Saved By The Broken Euronext: Manic-Selling Becomes Panic-Buying In Global Bond, Stock Markets
Confusion - you bet.
On to the lie -
SPX Daily - I've been discussing 2070 and 2062 as critical support. In a way this is now like double top secret critical support since the rising red wedge critical support has busted down and backtested. Sell stops could not be far away being thru the 50 dma and with the 100 dma at 69 and then critical support at 62. The Fed is in a real pickle here especially given Greece and the rest of the global and domestic economic struggles. If this fails the next stop would be the 200 dma which is pretty much at the HnS target I posted yesterday. A little history of price and the 200dma - when was the last time price hit the 200 dma before our "Bullard" moment last October? Well it was in November of 2012? Ring any bells? "Unprecedented manipulation" and the starting point of the STB Diagonal of Death. "They" don't like price below or even close to that 200 dma.
Freedom watch -
And see this, this, this, this, this, this, this, this, this,
this, this, this, this, this, this, LOL
America’s Main Problem: Corruption
TPC this week (the 5th major).
More to come below.
Have a good day.
GL and GB!