Wednesday, January 20, 2016

Morning Charts 01/20/2016 SPX /es

Well, I told you to start looking for moar and that sooner than later this would come - "If Assets Remain Correlated, They'll Be A Depression": Ray Dalio Says QE4 Just Around The Corner. I said "never" would they raise rates, and if they did it would be the biggest mistake ever and it would not last long -
"Ray Dalio on Wednesday and unsurprisingly, the “zen master” again predicted the Fed will reverse course and embark on more QE."
If it happens, it's at the top of the QE4 ramp that you want to run, don't walk, run like hell from this and everything related to the markets.

On to the lie -

The laws of physics don't apply here anymore.  This is the wild west. Lot's of prostitutes and corruption and the few good sheriffs are exonerated or killed off. You are on your own. I can tell you what the charts say, but in this new normal that can or can not mean anything. 

SPX Weekly -  You will prolly get tired of seeing this chart over the next few weeks. 1871 support above the black hole to 1575. The only stopping point is the weekly 200ma at 1782. Critical, very critical support is barely hanging on here, and the blue channel support, support off the 667 low has busted.

Freedom watch -

I'm sure many of you wonder why the Hildabeast is not in jail and even allowed to run for president - the government is out of control and totally corrupt. Not related to HRC but demonstrating their total disregard for the law - IRS Erases Hard Drive Despite Court Order

More to come below.

Have a good day.

GL and GB!

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