Thursday, November 5, 2015

Morning Charts 11/05/2015 SPX /es

Confusion reigns! 

This Desperate-To-Hike Fed Admits "Inflation Is Not As Low As You Think" of course we in the real world all know this.
and this which would be somewhat contradictory to that rate hike everyone is so consumed with.  

Yellen Says Negative Rates On The Table "If Outlook Worsened"

On to the lie - 

SPX 60m - Same chart. Self explanatory. Technically we're at least due/overdue for some sort of pullback.

SPX 5m - Lots of HnS action. All with this being a potentially even head of an even larger HnS with a neckline just above 80.

Freedom watch - 

Reality - A “Zero Tolerance” Police State

If they want our guns, they sure are doing a bad job at keeping us from stocking up on them - October Gun Sales Hit Record High For Six Consecutive Months

And for those of you interested in what's going on with gold - especially those that own paper gold and think they got something that's worth something - There Are Now 293 Ounces Of Paper Gold For Every Ounce Of Physical As Comex Registered Gold Hits New Low

More to come below. 

Have a good day. 

GL and GB!

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