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!

Monday, May 1, 2017

Morning Charts 05/01/2017 SPX /es

FOMC week with Grandma speaking Friday after jobs report - prolly enough to stall everything out. Key Events In The Coming Busy Week: FOMC, Payrolls, 131 S&P Companies Report.


On to the lie -

ATH carrot just above. IF they can shoot it up the negative divergences on the daily will be set for a potential nasty turn. 

SPX Daily - Rising wedge A B C D completed - up for E touch? They lowered the support diagonal as they have with most rising wedge formations in recent years to allow for a potential higher run. IF they can manage a new high here once that's been achieved the wedge can be deemed complete.



Freedom watch -

Did you know that today, May Day, is a big time satanic holiday?  Ya, messed up stuff. Thought you'd like to know if some weird shit starts going down.


More to come below.

Have a good day.

GL and GB!