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!

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