Friday, April 8, 2016

Morning Charts 04/08/2016 SPX /es

Well, this throws a wrench into the engine - Fed To Hold Closed, Unexpected Meeting Under "Expedited Procedures" On Monday To Discuss Rates. I'll say this, Grandma did get this right, "I wouldn’t describe this as a bubble economy." She's spot on. We have a bubble market hiding a decaying, rotten, crumbling economy.

On to the lie - 

SPX 30m - Still lost in the woods technically, but may be closer to the edge than we think. The charts may be predicting (based on several major patter breakdowns and OB conditions) another rate hike is coming from the Fed.

More to come below. 

Have a great Masters weekend. 

GL and GB!

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