Thursday, July 27, 2017

Morning Charts 07/27/2017 SPX /es

Tis the question - reality or fake - Bill Blain: "Are We In A Bubble About To Burst, Or Are We Facing Massive Equity Upside?"

On to the lie - 

SPX Daily - Overthrow at resistance while possibly chasing another round number capture. Tough spot. 



More to come below.

Have a good day.

GL and GB!

Wednesday, July 26, 2017

Morning Charts 07/26/2017 SPX /es

Well, let's find out if our justice department still has its balls - Wasserman-Schultz IT Aide Arrested While Attempting To Flee Country, Charged With Bank Fraud - I've shared the George Webb videos for months now with y'all. This is the shit. This is the arrest of a major big time player in the HRC/DNC/USA scam of the century. He's out on bail. I lay heavy odds he gets the Seth Rich treatment before he gets a chance to testify. If he gets off, and the swamp is not exposed - all faith in this country will be lost.

I shared this yesterday




On to the lie -

SPX 30m - OK, let me summarize this - It started as a burgundy  rising wedge - then as the wedge was ending a burgundy channel formed in the top of the wedge - then the wedge broke down to the wedge target line forming a larger burgundy channel. Now price has moved back up into the lower half of the first smaller channel and is facing resistance at that channel's 50% diagonal (or top 1/4 of the larger channel). 30m 50ma is near term critical support.



More to come below.

Have a good day.

GL and GB!

Tuesday, July 25, 2017

Morning Charts 07/25/2017 SPX /es

VIX = Busted  Earnings Bonanza Sparks Dow Buying Panic As VIX Nears 8 Handle



On to the lie - 

SPX 30m - Nothing to see here. Move along. (well, nothing to see unless you want to be amazed by a levitating market defying everything rational.)



More to come below.

Have a good day. 

GL and GB!


Monday, July 24, 2017

Morning Charts 07/24/2917 SPX /es

Enjoy this week - sounds like a mess is a coming - lots of confusion, just the way they like it - "Apprehension": Main Events In Torrid Week Include Fed, GDP, Earnings And "Lots Of White House Risk"

Also - What happens when you have unlimited funds and simply can't pull the trigger? Former 'Plunge Protection Team' Member Warns "Blockchain Is Freaking Governments Out"


On to the lie - 

SPX 30m - 62, 50, 41 first S areas. If lower 27, 19, 04. I still prefer down.



More to come below.

Have a good day.


GL and GB!

Friday, July 21, 2017

Open Weekend Post 07/22-23/2017

You know the drill. Share the love and the knowledge. 

If you see it, share it. I will as well. 


Have a great weekend. 

GL and GB!

Morning Charts 07/21/2017 SPX /es

Early post.

Running late sorry.

Thursday, July 20, 2017

Morning Charts 07/20/2017 SPX /es

QE4eva bitches! ECB Keeps Rates, QE Unchanged; Ready To Increase QE "In Size And Duration".
Nothing to see here - move along.

On to the lie -

SPX 30m - 

 

More to come below.

Have a good day.

GL and GB!

Wednesday, July 19, 2017

Morning Charts 07/19/2017 SPX /es

No market rocking news this morning - the rangeless drift should continue.



On to the lie - 

SPX 30m - SSDD (Same Story) - Neg divs grow across time frames as price rises against the underlying current.



More to come below. 

Have a good day.

GL and GB!

Tuesday, July 18, 2017

Morning Charts 07/18/2017 SPX /es

In honor of Walmart the post is done in Walmart brown this morning.

Nothing to report up here worthwhile.

On to the lie -

SPX 2hr - Cause we all need a slightly different look - 



More to come below.

Have a good day.

GL and GB!

Monday, July 17, 2017

Morning Charts 07/17/2017 SPX /es

A market you can believe in! There Has Been Just One Buyer Of Stocks Since The Financial Crisis

Add another to the LONG list of HRC fatalities - Haiti Official Who Exposed The Clinton Foundation Is Found Dead


On to the lie -

SPX Daily - As noted, if price rose quickly enough the negative divergences would worsen. Now, we all know this means little in the new era of Total Control, but the are still very strong negative technical signals building and in place. 50 dma is key support. Nothing happens without a major news event. IMO they are building as much cushion as possible before the big one. Never forget the possibility of QE4.


SPX 30m - Rising channel still working. The IHnS call to 66 should hit target after the open this morning. 40 backtest should be in the cards, and I'd look for internals to disagree with any rise this morning and begin to signal some sort of exhaustion soon.



More to come below.

Have a good day.

GL and GB!

Friday, July 14, 2017

Open Weekend Post 07/15-16/2017

You know the drill. Share the love and the knowledge. 

If you see it, share it. I will as well. 

Have a good weekend. 

GL and GB!

Morning Charts 07/14/2017 SPX /es

early post




On to the lie - 





More to come below. 

Have a good day. 

GL and GB!

Thursday, July 13, 2017

Morning Charts 07/13/2017 SPX /es

Not sure why the comment section is not coming up early this morning. Maybe Disquss down now - not sure. 

Did Granny go for the QE4 knockout? It exists and is real. Total Control deep state shit is no BS. The world has changed - and not for the better. Nothing truly bad happens to this market till the STB event.

On to the lie - 

SPX Daily - You can clearly see how important the 50 dma is for support. If price reaches 2453 soon the negative divergences worsen even more with upper resistance in place. The IHnS possibility still exists with 66 target. 




More to come below.

Have a good day.

GL and GB!

Wednesday, July 12, 2017

Morning Charts 07/12/2017 SPX /es

Waiting game - when not if, pretty much just waiting on "the" mistake or the STB event to trigger the collapse. Could be this week or could be years, same story different day rolls along as it has for several years with Team Total Control at the helm. 



On to the lie -

SPX 30m - IHnS targeting 66 still a possibility as price hangs in the middle of the broad consolidation area. Collapse to as low as 2120 is as well. Burgundy channel up with a blue falling wedge working from top to bottom of the channel. Price is currently an island (actually several islands). Price may breakout this morning above blue resistance - if not it could possibly consolidate to 2420 into early next week.

 



More to come below.

Have a good day.

GL and GB!

Tuesday, July 11, 2017

Monday, July 10, 2017

Friday, July 7, 2017

Open weekend post 07/08-09/2017

You know the drill.  Share the love and the knowledge.


If you see it, share it.  I will as well.


Have a good weekend.

GL and GB!

Morning Charts 07/07/2017 SPX /es

early post




On to the lie -



More to come below.

Have a good day.

GL and GB!

Thursday, July 6, 2017

Morning Charts 07/06/2017 SPX /es

early post

Rock climbing this AM.

Stick with the 30m chart. It's working well.



On to the lie -



More to come below.

Have a good day.


GL and GB!

Wednesday, July 5, 2017

Morning Charts 07/05/2017 SPX /es

early post


LMAO CNN has done it now.



On to the lie -






More to come below.

Have a good day.

GL and GB!

Tuesday, July 4, 2017

Happy 4th of July STB!

Murica!  This country still rocks and don't you forget it!

STB wishes everyone and their family a wonderful Independence Day!

GL, GB you and GB America!

Monday, July 3, 2017

Morning Charts 07/03/2017 SPX /es

Early post


On to the lie -



More to come below.


Have a good day.

GL and GB!

Friday, June 30, 2017

Open Weekend Post 07/01-02/2017

You know the drill. Share the love and the knowledge. 

If you see it, share it. I will as well. 

Have a good weekend. 

GL and GB!

Morning Charts 06/30/2017 SPX /es

Early post



On to the lie -




More to come below.

Have a good day.

GL and GB!

Thursday, June 29, 2017

Morning Charts 06/29/2017 SPX /es

Nice and quiet in the news - for now.


On to the lie - 

SPX 30m - So, as discussed yesterday, backtest or illicit defence against any sort of market decline? No catalyst = No fall




More to come below. 

Have a good day. 

GL and GB!

Wednesday, June 28, 2017

Morning Charts 06/28/2017 SPX /es

Easy for Granny to say - Yellen: "I Don't Believe We Will See Another Crisis In Our Lifetime"


On to the lie - 

SPX 30m - Futures looking to get it back into the 28 - 39 safe zone. That crack was not good. Couple options here - they like to break rising wedge support only to set a new lower support diagonal thus extending the life and length of the wedge OR this is a march up to a backtest of busted support and some sort of failure is coming. 04 and 66 are the big numbers. Chances of hitting air pockets are great if the right news can get flowing. Never forget who is in control.



More to come below. 

Have a good day. 

GL and GB!

Tuesday, June 27, 2017

Morning Charts 06/27/2017 SPX /es

For those that have eyes .... Draghi Doesn't See "Bubbles" - Let Me Show You Some


On to the lie -

SPX 30m - Rising wedge with a channel component here nearing the end of the formation. STB has prettu much all month been on the 28 - 39 consolidation call, which has been right for the most part. This should come to and end soon. Gonna take an event to make any significant break south. Total Control is more real now than ever.




More to come below.

Have a good day.

GL and GB!

Monday, June 26, 2017

Morning Charts 06/26/2017 SPX /es

Pretty basic stuff - we wait for the final trigger.


On to the lie -

SPX Daily





More to come below.

Have a good day.

GL and GB!

Friday, June 23, 2017

Open Weekend Post 06/24-25/2017

You know the drill, share the love and the knowledge. 

If you see it, share it. I will as well. 



Have a good weekend. 

GL and GB!

Morning Charts 06/23/2017 SPX /es

Early post.


On to the lie -


More to come below.

Have a good day.

GL and GB!

Thursday, June 22, 2017

Morning Charts 06/22/2017 SPX /es

Quiet. Maybe quiet is not good for the PTB? 


On to the lie - 

SPX Daily - The potential for bad appears to be greater than for good. 


 
More to come below. 

Have a good day.

GL and GB!

Wednesday, June 21, 2017

Morning Charts 06/21/2017 SPX /es

early post  headed back from the ATL this morning.  Had a issue I had to go handle all day yesterday. Sorry.

On to the lie -

More to come below.

Have a good day

GL and GB!

Tuesday, June 20, 2017

Morning Charts 06/20/2017 SPX /es

Early post



On to the lie - 



More to come below. 

Have a good day. 

GL and GB!

Monday, June 19, 2017

Morning Charts 06/19/2017 SPX /es

They love confusion - So what is it? Eric Peters: "Last Week Saw The End Of The QE Era" or "Grouchy" SocGen Analyst: "Fed Will Be Buying Again Long Before They Finish Normalizing"

I still believe QE4 will happen like it or not, or it may be happening now in the form of perpetual QE. I mean, like, how else are prices at these levels?

On to the lie - 

SPX Daily - Looks over cooked to me, but I'm not the chef.



More to come below.

Have a good day.

GL and GB!

Friday, June 16, 2017

Open Weekend Post 06/17-18/2017

You know the drill. Share the love and the knowledge. 

If you see it, share it. I will as well. 



Have a great weekend. 

GL and GB!

Morning Charts 06/16/2017 SPX /es

Quad Witching.


On to the lie - 

Looks like a gap up open to set yet another island gap situation.  I'm still leaning for consolidation waiting for catalyst to ignite breakdown.

SPX 10m - Consolidation.


SPX 60m - For the gazillionth time a wedge has broken down and gone into failure backtest mode - will they thwart yet another beautiful bear setup? 



More to come below. 

Have a good day. 

GL and GB!

Thursday, June 15, 2017

Morning Charts 06/15/2017 SPX /es

Just waiting on a trigger.


On to the lie - 

SPX 60m - Pretty good chart right now with all the big numbers and formations. Looks like the bears may finally get a foot in the door, but how long they can keep it open is another question.  28, 17, 04 (with 38% retracement) are support numbers for starters. 39 is resistance and 28 should become resistance. 2404 to 2386 they fully deploy all chutes IMO. If not there 2366 then 2336. (14, 90 and 65 are the big daily MA's to watch for as S).



More to come below. 

Have a good day. 

GL and GB!

Wednesday, June 14, 2017

Morning Charts 06/14/2017 SPX /es

Follow the Fed - never forget that both Good and Bad = Good.  Let's see what Granny has to say.  "The Day Of The Dovish Hike?"

On to the lie - 

SPX 60m -Third iteration of the rising wedge inside the black megaphone. Negative divergences worsen. Patience required. Just waiting for a trigger moment. Till then Team  Total control has the ball.


More to come below. 

Have a good day. 

GL and GB!

Tuesday, June 13, 2017

Morning Charts 06/13/2017 SPX /es

Cause it's rigged! One Trader's Advice To Bond Bears: "Come Up With Something New"


On to the lie - 

SPX Daily - More than ready, just waiting on triggering event.


SPX 30m - Possible backtest then breakdown? Or, just breakdown? Or, Team Total control does their thing and does not allow any sort of meaningful correction. 



More to come below.

Have a good day.

GL and GB!

Monday, June 12, 2017

Morning Charts 06/12/2017 SPX /es


Well, I'd pay close attention to these news events. Key Events In The Coming Busy Week: Fed, BOJ, BOE, SNB, US Inflation And Retail Sales



On to the lie - 

To put Friday into context - it's a tiny blip that could be a first spark. See Gartman here (LOL).

SPX Daily - Potential to get nasty is real, but so is Team total Control's ability to thwart any negative move. It does look like TA is about to win the game in the 4th quarter tho.


SPX 15m




More to come below.

Have a good day.

GL and GB!

Friday, June 9, 2017

Open Weekend Post 06/10-11/2017

You know the drill, share the love and the knowledge. 

If you see it, share it. I will as well. 



Have a good weekend. 

GL and GB!

Morning Charts 06/09/2017 SPX /es

The things that ATH's are made of - "Worst Since Lehman" - The State Of The US Consumer In One Dismal Chart and Credit Card Defaults Surge Most Since Financial Crisis  Solid as a rock is the foundation for this ATH and run off the 667 low - NOT!

On to the lie - 

SPX 5m - The range I wanted price to settle in is working out pretty good so far. Possible HnS setup here with pop this morning to have a chance to set RS top. Just a chance and remember that RS has been more of a launching pad than a bearish breakdown point. I think they'd be pleased to simply consolidate above 2428 for a while. IMO there is a lot of selling pressure the PTB are fighting.For any sort of meaningful correction something newsworthy has to drive it. Till then shorting is a dangerous game.



More to come below.

Have a good day.

GL and GB!

Thursday, June 8, 2017

Morning Charts 06/08/2017 SPX /es

Things are more strange now than ever. I guess you could call it business as usual on steroids. The PTB are doing everything they can to keep the veil up and the rot hidden. Global tensions continue to rise and worsen. Me and many others have been looking at a market that's begging for a large 10 - 15% correction. Sadly the markets are not capable of correcting in a natural manner anymore (Total Control), so this will take an "event" of some sort to trigger this. No one knows when this will happen, but the higher they take price the worse the fall will be. 2120 to 2180 would be my target area for this correction if it were to occur. That number would match blue channel support in the chart below later this summer if that's what they would be targeting for support for a major correction. Before we get there there is a chance a first correction would drop to 2366 and then one last bull trap before the big fall.
On to the lie - 

SPX Weekly


 
More to come below. 


Have a good day. 

GL and GB!

Wednesday, June 7, 2017

Morning Charts 06/07/2017 SPX /es

This $200 Billion Asset Manager Warns "There's Danger At The Door" As Markets Lose Focus On Fundamentals and this BofA: "If Bonds Are Right, Stocks Will Drop Up To 20%"  are not fear porn. These people are not kidding. STB's been looking at the real possibility of a 10 - 14% plunge possibility, BUT a catalyst must occur. the only question is will the PPT be able to contain the fall to the 2120 level if it happens?
On to the lie - 

SPX 10m - Gonna underthrow ST positive divergences (at the double bottom at the close yesterday) at the open this morning.


SPX 30m - 2424 to 2417 first support area. 2404 is a point the want to hold most.




More to come below. 

Have a good day. 


GL and GB!

Tuesday, June 6, 2017

Morning Charts 06/06/2017 SPX /es

We keep edging closer to catastrophe. Team Total control has the lipstick and veil firmly in place right now. Father time and price will one day assert their eternal prominence, but till then it is what it is. One sneeze and a 10 - 15% correction would be a rather simple move.
On to the lie -

SPX 30m - Best I got right now for a short term chart. Overthrowing rising wedge completion with neg divs complementing the over exaggerated price move up. 26, 17 and 04 are the support numbers. They should be willing to lay a few lives on the line to keep 04.


 
More to come below.

Have a good day.

GL and GB!

Monday, June 5, 2017

Morning Charts 06/05/2017 SPX /es

Whatever. We all know the story. 

I'm back for a while. Will do what I can to figure this thing out. Let me update some charts and see what I find. 


On to the lie - 

SPX Daily



More to come below.

Have a good day.

GL and GB!

Friday, June 2, 2017

Open Weekend Post 06/03-04/2017.

You know the drill. Share the love and the knowledge.

If you see it share it.  I will as well.

Have a good weekend.


GL and GB!

Morning Charts 06/02/2017 SPX /es

early post

I'm out again today.


On to the lie -


More to come below.

Have a good day.

GL and GB!

Thursday, June 1, 2017

Morning Charts 06/01/2017 SPX /es

Early post

Golfing in the ATL today and chaperone boys trip tomorrow. I'll be back Monday. Then we have to discuss potential changes in the blog cause I'm gonna get registered again.


On to the lie -




More to come below.

Have a good day.

GL and GB!

Wednesday, May 31, 2017

Morning Charts 05//31/2017 SPX /es

early post.

I'm in the ATL today and tomorrow. I'll be limited. And Friday I head back to the beach. So I'll be very limited this week.

On to the lie -



More to come below.

Have a good day.

GL and GB!

Tuesday, May 30, 2017

Morning Charts 05/30/2017 SPX /es

Travel day for STB.

Early post



On to the lie -


More to come below.

Have a good day.

GL and GB!

Monday, May 29, 2017

Memorial Day 2017

Have a great Memorial Day everyone.


Many thanks to those who served and their families.

Let's do our part to honor them by doing everything we can to keep America great.

GL and GB!

Friday, May 26, 2017

Open Weekend Post 05/27-28/2017

You know the drill. Share the love and the knowledge. 

If you see it, share it. I will as well. 

Have a good holiday weekend. 

GL and GB!

Morning Charts 05/26/2017 SPX /es

Early post



On to the lie - 



More to come below. 

Have a good day. 

GL and GB!

Thursday, May 25, 2017

Morning Charts 05/25/2017 SPX /es

Early post




On to the lie - 




More to come below. 

Have a good day. 

GL and GB!

Wednesday, May 24, 2017

Morning Charts 05/24/2017 SPX /es

FOMC day so should be quiet until the fireworks start. Note there is a good chance they will be only duds and the show will suck. 

As for price - One of two things is set to happen - A) either they are about to go for an unprecedented overthrow and breakout over 2400 or B) as the technicals are aligned across all time frames a 5- 12% correction is coming. 2180 to 2120 should be the floor if the PPT can stop it.

Either 'they' ramp it or something is about to happen to cause a significant decline as a technical Cat5 hurricane is sitting just off shore.

On to the lie -

SPX Daily - Any pop here only makes the negative divergences even worse. 






More to come below.

Have a good day.

GL and GB!

Tuesday, May 23, 2017

Morning Charts 05/23/2017 SPX /es

Not much news worthy other than the dreadful Manchester attack.



On to the lie - 

SPX Daily - The black rising wedge broke support. Will it break down is the question. Possibly a rollover phase is beginning if the blue channel works out.

 



More to come below. 

Have a good day. 

GL and GB!

Monday, May 22, 2017

Morning Charts 05/22/2017 SPX /es

Well, another pints to the coming epic collapse - eventually someone will get the timing right. Bill Blain: "My Prediction Is That Around October 12 Markets Will Get Horribly Interesting"
When not if - it's coming. One day Team Total Control will lose control (STB Event). Nothing lasts forever.

On to the lie -

SPX 2hr - This does not look good, technically.



More to come below.

Have a good day.


GL and GB!

Friday, May 19, 2017

Open Weekend Post 05/20-21/2017

You know the drill. Share the love and the knowledge. 

If you see it, share it. I will as well. 


Have a good weekend. 

GL and GB!

Morning Charts 05/19/2017 SPX /es

My internet is back up! I'll get some charts updated later today.


On to the lie - 

Simple as this - what does the Total Control Team want - nothing more, nothing less. Eventually TA will win. Eventually could be a long or short time unfortunately. A sizeable correction (virtually impossible) would be the healthiest thing for both sides here. Who needs 'health' when it's rigged?

SPX Daily




More to come below.


Have a good day.

GL and GB!

Thursday, May 18, 2017

Morning Charts 05/18/2017 SPX/es

Early post.

Gotta run mrs STB by the tire store.

Also yesterday my internet was down the whole day at the office. So sorry for not being here or updating any Charts.




On to the lie -



More to come below.

Have a good day.

GL and GB!

Wednesday, May 17, 2017

Morning Charts 05/17/2017 SPX /es

Interesting action overnight that's trying to be wiped away. Strange, the things that move the markets these days.

I'll stick with my  patience grasshopper meme with a follow the Fed caveat  - Bill Blain: "Talking To Accounts The Bottom Line Is Asset Prices Continue To Rise Despite Our Disbelief". Total Control is real and always must be the first thing you take into account when trading in this faux market. 

On to the lie -

Bottom line is the there is a tug-o-war happening now with price. Believe it or not, there are real forces trying to sell. This is a bizarre nuance to this new modern market. 

SPX 60m - 4 FOUR islands and this gap down will leave an island above as price should take out near term diagonal support.


SPX Daily - the support that really matters - anything under 80 opens Pandora's Box. 




More to come below.

Have a good day.

GL and GB!

Tuesday, May 16, 2017

Morning Charts 05/16/2017 SPX /es

Nothing but trash and fear mongering in the news. The most recent HRC deletion Seth Rich news is the most interesting.


On to the lie - 

Patience Grasshopper. We're closing in on or at some sort of reversal. Two things - wither a move back to 78 and then a last bull trap or something larger to the downside is coming. 

SPX Daily - Looks like we're do for either a major reversal or a pullback then a pop then the major reversal. 


SPX Daily - This is nasty, simply nasty. the negative divergence at this small double top is really bad. 


SPX 30m - Anatomy or a rollover.


More to come below. 

Have a good day. 

GL and GB!

Monday, May 15, 2017

Morning Charts 05/15/2017 SPX /es

Early post

I'm in the ATL. Mom is having a routine surgery so I'll be with her at the hospital toady. I should be back in the saddle tomorrow if all goes well. I'll check in and chime in if necessary.


On to the lie -



More to come below.

Have a good day.

GL and GB.

Friday, May 12, 2017

Open Weekend Post 05/13-14/2017

You know the drill, share the love and the knowledge. 

If you see it, share it. I will as well. 


Have a good weekend. 

GL and GB!

Morning Charts 05/12/2017 SPX /es

Other than Comey and China things are way too quiet. 



On to the lie - 

SPX 30m - Rising burgundy channel - within it a smaller burgundy channel rolls over into a bluer rising wedge which breaks down to the black wedge that failed all encompassing three open islands and roughly 33 points in gaps. It looks to be rolling over - 72ish critical support. To get there 91, 86 and 83 need to crack.



More to come below.

Have a good day.

GL and GB!

Thursday, May 11, 2017

Morning Charts 05/11/2017 SPX /es

Not much to talk about up here. China is slowly imploding as well as America and all the other global leaders - but you did not hear that here.


On to the lie -

SPX Daily - The insanity. Two wedges (black and grey) overthrown by the formation of the blue wedge to double tops at ATH's with negative divergences that go for a year and are worsening. IMO we're close to some sort of pullback or correction, but it will be forced by an outside influence. Natural or technical pullbacks have been outlawed, so in this case IMHO price is saying that sooner than later something is going to happen to cause a correction. Will this be the STB "event"? Not sure but price will prove it is boss here sooner than later.

 
SPX Daily - I see evidence of a potential rollover here, but you need to be watching wedge support to see if the breakdown is for real. At this time I can see short term targets above 2415 and below 2372. Just don't know which way Team Total Control wants it to go. Let's watch support here for a clue. Price is on an island above an island. That's not good.

 
More to come below.

Have a good day.

GL and GB!

Wednesday, May 10, 2017

Morning Charts 05/10/2017 SPX /es

Early post


Late start Wednesday


On to the lie -



More to come below.

Have a good day.

GL and GB!

Tuesday, May 9, 2017

Morning Charts 05/09/2017 SPX /es

Two good reads at ZH - 

Fast Facts About Slow Markets

SocGen: Beware The Ghost Of 1993


On to the lie - 

SPX Daily - I may stick with this chart for a while. Pretty plain to see. 

 



SPX Weekly - I'll throw this in for perspective. Any good turn makes 2120 a great number for major support. Just slightly overdue for a major correction. That would be roughly a 12% move. If this is near the end a cool scenario would be a move to 1890 to form a head, one last bull trap back up to 2120 for a right shoulder then you'd get a HnS that targeted 1380. Ahh, a bears dream right there.




More to come below. 

Have a good day. 

GL and GB!

Monday, May 8, 2017

Morning Charts 05/08/2017 SPX /es

So, who's wrong and who is right


On to the lie - 

SPX Daily -  Double top with neg divs in rising wedge sitting on two islands about to try and breakout. Danger Will Robinson. Danger! Danger! This thing obviously has plenty of room to run in the wedge to the E touch or even an overthrow (that's their style - total excess), but any point from here has real potential to be a serious reversal point. Of course at this time we all know they will not allow the market to correct and only the STB event is going to make a real difference.



More to come below. 

Have a good day.

GL and GB!

Friday, May 5, 2017

Open Weekend Post 05/06-07/2017


You know the drill. Share the love and the knowledge.

If you see it, share it. I will as well.




Have a good weekend.

GL and GB!

Morning Charts 05/05/2017 SPX /es

Happy Cinco de Mayo!

Jobs, Grandma and whatever else they can find to distract us today. 

We may need to pay closer attention to what's going on across the pond - Italy Dependent On ECB "Buyer Of Last Resort" As Foreign Investors Dump Bonds Amid Capital Flight


On to the lie -

SPX 5m - Let's not complicate things - descending triangle with 83 support. As the triangle flows a HnS has formed. Then a descending channel popped up. All of this is on a island which is above another island. That's all above roughly 30 points of gap space that comprise about 50% of this move off the 28 low. All of this just below the round number in range of a fresh new ATH. Sadly the current setup is so bearish it almost guarantees a breakout LOL.



More to come below.

Have a good day.

GL and GB!

Thursday, May 4, 2017

Morning Charts 05/04/2017 SPX /es

Whatever they need to tell you to justify this mess they will. S&P Futures Jump Ahead Of GOP Healthcare Vote, Ignore China Commodity Crash

On to the lie -

SPX 60m - Bottom line is after this open there is a chance there will be THREE OPEN ISLANDS. That's simply insane. You can clearly see the two open islands created over the past week's gaps. Do they really want another? This is a recipe for disaster. Bottom line is as long as they keep price above 2330 they will feel safe. The ATH carrot remains in front of the horse. Three open islands. Wow!

 

More to come below.

Have a good day.

GL and GB!

Wednesday, May 3, 2017

Morning Charts 05/03/2017 SPX /es

FOMC day and Granny Friday - they should try and keep it range bound if possible within reach of the SPX ATH. 

Bubble - There Is Now A Quadruple-Leveraged S&P 500 ETF


On to the lie -

SPX Daily - Rising wedge off DJT low. Neg divs worsen if they lift it here closing in on wedge completions.



More to come below.

Have a good day.

GL and GB!

Tuesday, May 2, 2017

Morning Charts 05/02/2017 SPX /es

AAPL, FOMC tomorrow , Jobs and Granny Friday - Barring big news I suspect we remain range bound consolidating under while reaching for the new ATH in SPX.


On to the lie - 

SPX 2hr - Double top with loads of support above 2336. If that fails it's a long, hard, fast fall. Overthrowing again with some larger negative divergences. Team total control has their hands full here.


Freedom watch - 

Never forget - Big Brother Is Still Watching You: Don't Fall For The NSA's Latest Ploy





More to come below. 

Have a good day. 

GL and GB!