And some wonder why my posts are not as insightful or elaborate as they used to be ... well, many years ago I simply started reminding everyone everyday to simply "follow the Fed" - "So “investing” has morphed into simply front-running the decisions of unelected central planners. That’s all there is to it." Sadly, there is really nothing more to it.
On to the lie -
SPX 30m - Yesterday I said, "Watch the 56 area and those MA's on this chart for initial support." Well, here we are, and they're at least producing a pop at the open. Technically we're at another point where breakdown SHOULD be happening. Failure to some degree really should happen here (as it should have happened back on March 29th but Grandma screwed that up). We're still in the midst of a bunch of Fed speak and they are leaning Doveish. Thus it appears at this moment reality may take a back seat again. It shouldn't, but it's their market (see link above).
Freedom watch -
Not sure how long they are gonna be able to suppress this - Rothschild Humiliates Obama, Reveals That "America Is The Biggest Tax Haven In The World". And this may be the start of the war - Shots Fired: Wikileaks Accuses Panama Papers' Leaker Of Being "Soros-Funded, Soft-Power Tax Dodge".
More to come below.
Have a good day.
GL and GB!