Friday, June 16, 2017

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!

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