Tuesday, March 8, 2016

Morning Charts 03/08/2016 SPX /es

Waiting on the ECB and whatever other crud they throw at the wall to see what sticks. Fed speak is back in play which is dangerous to both sides. It's an unusual spot for them to get involved as we're not 'needing' a manufactured intervened bottom. The strange part is the market is topping, so why the push or intervention here? It is to save the round numbers and the current support levels? Are these points so important they must hold them - at a top? Well, given the elevator shaft below this support that may be a good idea.
On to the lie - 

I don't think any commentary is necessary this morning. "The US equity market has only been more overbought 3 days in history..." Then again, does history even matter anymore? 

SPX 15m

Freedom watch -  

The Danger Of Media Blackout -

"Therefore, whenever we observe a nation (or nations) creating a media blackout, we can be assured of two things.
First, the nation has, at some point, been taken over (either through election, appointment, or a combination of the two) by leaders who are a danger to the citizenry and are now so entrenched that they have little opposition from those remaining few higher-ups who would prefer sanity.

Second, the sociopathic goals of those in power are a clear and present danger to the peace and well-being of the population."
More to come below. 

Have a good day. 

GL and GB!

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