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!

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