Tuesday, October 20, 2015

Morning Charts 10/20/2015 SPX /es

Maybe the big question is Is ECB President Mario Draghi set to launch QE2 on Thursday? The hope or possibility of this should be enough to keep the markets in a range till then.

On to the lie - 

SPX 60m - Two opposite scenarios - Either the wedge (blue) that I've been thinking would form for a couple of weeks or the potential inverse head and shoulders. The way I see it - Draghi (or another) QE's or does not. You have to wait for the decision. The wedge is the most normal or logical choice given everything we know (earnings etc...), but there is nothing normal or logical about this market. 

Freedom watch - 

Trudeau? I guess he's slightly better than what we have as an offering for leadership. 

Ted Cruz Says He ‘Cannot Overstate’ the ‘Threats’ to Internet Freedom, Independent News Websites Like Drudge (or even STB!)

More to come below. 

Have a good day.

GL and GB!

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