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!