Second, I'm pretty sure you don't want to hear my earnings rant for the 20th+ time, so I'll simply present the evidence first - See Behold Accounting Magic 101: This Is How Alcoa Just "Beat" Consensus EPS. Like I always say, beat then lower the hurdle quietly for an easy beat again. Rinse/Repeat.
"And then remember when Alcoa beat last quarter on non-GAAP EPS of $0.07? Well, that was just quietly revised to $0.04."
On to the lie -
SPX 5m - It took quite some time but the roll over finally found some form. I was happy when upper red resistance held yd. If this is for real, then red support should fail at some point and a steeper falling wedge should form (that will eventually fail again). If that's a descending triangle with support at 43, then it targets 2010. They are trying to push it up this morning, so be cautious.
Freedom watch -
In case u had not heard - ur no longer allowed to decide who your leader is. The elite can not let the plebes decide anything - GOP braces for rules fight that could decide 2016 nomination.
More to come below.
Have a good day.
GL and GB!