Friday, January 22, 2016

Morning Charts 01/22/2016 SPX /es

I'm really not sure what else to say. The multi-year STB mantra "Follow the Fed" is about all there is to it. No need to BS you and try and make you think I'm some sort of market genius. It's really simple. Pay friggin attention to the NEWS! Know when they speak and the tone of their speak, and you will have the markets mastered. Global Stocks Surge, Oil Soars As Hopes For Central Bank Stimulus Return and this What Sent Stocks Soaring Overnight: DB's Jim Reid Explains cover all the bases.
One day this will stop. They will saturate the system. The diminishing returns are already setting in on stimulus programs. Reality is coming to light as we begin to notice things are not what they say they are. It's just a matter of time now. How long can they hang on? That is the only question left. Apparently the STB "event" is going to be a must to take control from the global elites.

On to the lie - 

SPX 60m

SPX 60m

SPX 5m - Several ways to technically look at the breakout this morning - the neckline of the steeper neckline had a backtest and now the breakout, or a larger RS of the horizontal neckline will complete with the move up this morning. targets are the black fibs. The green shaded area are the fibs off the major tops.

Freedom watch - 

Not on a Friday

More to come below.

Have a good weekend.

GL and GB!

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