Thursday, September 3, 2015

Morning Charts 09/03/2015 SPX /es

Not much to say today. China's sort of on a back burner (other than their war ships off the coast of Alaska and a boastful V day parade), and the bad = good financial news (ECB/Jobs) is spiking again. I'd equate right now to a lull in the storm.
On to the lie -

SPX 5m - Late yesterday I said over 1943 and bully would have the ball near term. Guess I got lucky. That small Inverse HnS that formed over the past two days broke out at the close yesterday and caught fire overnight. An area around the mid 80's would be a good resistance point. Price may stall and consolidate in a rather wide range here.


Freedom watch - 

Really?  Undercover FBI agents spy on Burning Man festival to prevent 'terrorism' and test out new 'intelligence collection' technology

More to come below.

Have a good day.

GL and GB!

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