Wednesday, August 16, 2017

Morning Charts 08/16/2017 SPX

Well let's find the truth - Dick's CEO: "The Retail Industry Is In Panic Mode" and  Trump Lashes Out At Bezos: "Amazon Is Doing Great Damage To Retailers; Hurting Cities And Jobs" might be two articles on the path to finding it. Or you can ask WMT their feelings on the subject. STB has good friend in major retail and he says it sucks. Bottom line - the 'recovery' is a lie. Consumer debt tapped out again. No jobs. Reality will eventually come to roost.

On to the lie -

SPX 30m - Looks like 76 has a chance to be the next stop. I'd lean to consolidation between 66 and 80 coming up. They gotta get that carrot back out in front of the mule.

 

More to come below.


Have a good day.


GL and GB!

Tuesday, August 15, 2017

Morning Charts 08/15/2017 SPX

No NK - No fear. Move along and ignore the civil war they are trying to start. It's all a bunch of BS. 80% of us are sane and sober (most of the time). 'they' want the war, not us.


On to the lie - 

SPX 30m - Not surprised they are gonna pop it back thru 66 resistance this morning. 77 is the next R area. Not sure if to follow blue or burgundy channel but parts of both should be in play. I personally hate price at these levels, but as we have learned you can't go against the total control system. Sadly we will all - as in most everyone - see THE moment to exit. The rush for the gates is going to be tremendous when it happens.




More to come below.

Have a good day.


GL and GB!

Monday, August 14, 2017

Morning Charts 08/14/2017 SPX


And awaaaaay we gooooo - VIX Tumbles, S&P Futures, Global Stocks Rebound Sharply As Korea Fears Fade. This is not over quite yet, but they sure milked it for all they could so far.


On to the lie -

SPX 30m -Maybe this will become that backtest of 66 I was surprised we did not get? Maybe the new blue channel forms with a lower slope, which would indicate slight rollover/topping possibilities.

 

More to come below.

Have a good day.

GL and GB.

Friday, August 11, 2017

Open Weekend Post 08/12-13/2017

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 08/11/2017 SPX

See this Central Banks Are Hiding The True Price Of Risk
and this Are Internal Market Cracks Turning Into Chasms?, and then see the chart below (which really is not the 'bad' chart).

On to the lie -

SPX Daily - Pretty easy to see what could happen if it lets go. 2400 is basic, below that it has real potential to get ugly.

 

More to come below.

Have a good day.

GL and GB!

Thursday, August 10, 2017

Morning Charts 08/10/2017 SPX /es

I guess all the crowing about war has the market spooked a bit. Don't fall for it. Pay attention to what they are trying to do. Remember, they need cover for the coming market failure. The age old STB question - Which comes first - the crash or the war?

On to the lie -

SPX 30m - What happened to the carrot? I'm somewhat dumbfounded that they allowed such a target to be missed. Sub 55 it gets interesting. 40, 32, 20, 07 and 00 are the support points.



SPX 2hr - Big time support is going to crack this morning. 61 and 47 ma's are big time here.




More to come below.

Have a good day.

GL and GB!

Wednesday, August 9, 2017

Morning Charts 08/09/2017 SPX /es

Cause this is reality - The Globalist Agenda Is Being Met: "To Collapse The United States Internally And Attack It Externally"

North Korea fears are the big worry now.

On to the lie -

SPX 30m - 30m 200ms support bout top get cracked. 66, 57 and 41 support areas.

 


More to come below

Have a good day.

GL and GB!

Tuesday, August 8, 2017

Morning Charts 08/08/2017 SPX /es

Are they out of gas? Did they make it to the top of the mountain and need to coast over the top on fumes? The Market Has Never Done This Before


On to the lie - 

SPX 2hr - One would think that sooner than later, on a traditional - non rigged - non total control - historical technical basis, something would be about to crack at least if not break to a degree. 




More to come below.

Have a good day.

GL and GB!

Monday, August 7, 2017

Morning Charts 08/07/2017 SPX /es

Nothing much to say up here. Pretty much SSDD as they continue to attack democracy and try and destroy this country. Carry on. 


On to the lie -

SPX 30m - gonna stick with what's been working. Multiple channel scenarios inside one large channel incorporating a rising wedge breakdown while chasing ATH's fending off building negative divergences with two possible HnS scenarios (targeting the same price near 2442 support). As usual, beware the bear crushing RS ramp job. Possible small ascending triangle building under 76 resistance.




More to come below.

Have a good day.

GL and GB!

Friday, August 4, 2017

Open Weekend Post 08/05-06/2017

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 08/04/2017 SPX /es

These days, where we've sunk to, and then a few more levels below that - makes you wanna throw up. Rabbit hole? Ha! more like a worm hole on steroids we're so fare gone. Reality - for those not in touch with it, I suggest you get there soon.

On to the lie - 

SPX 30m - 76 resistance, what's the RS gonna do? Break down (traditional/historical) or take off (new fangled BS).




More to come below.


Have a good day.

GL and GB!

Thursday, August 3, 2017

Morning Charts 08/03/2017 SPX /es

BOE, China, Russia, bubbles and a plethora of other items - What could go wrong?



On to the lie - 

SPX 5m - 46 resistance area again. They thwarted the RS breakdown at the neckline, so now do we get the RS ramp job? Not sure but being under the round number carrot I'd think they'd at least want to keep it in the neighborhood. They are gonna hold it as high as they can before it all goes to crap.




More to come below.

Have a good day.

GL and GB!

Wednesday, August 2, 2017

Morning Charts 08/02/2017 SPX /es

If I had to guess, I'd say it should be a long drawn out grind to get to 22k DOW and 2500 SPX. Why waste such a good carrot? Keep it out in front of the horse as long as possible. 


On to the lie - 

SPX 30m - 46 critical level - as noted yesterday possible HnS in RS now - big question is .... Do we get the bear HnS or newtard bull HnS? Beware the perfect bear setup (as is right now) cause the RS breakout is the norm these days. Just when the porridge gets juuuuust right .....







More to come below. 

Have a good day. 

GL and GB!

Tuesday, August 1, 2017

Morning Charts 08/01/2017 SPX /es

I'm gonna miss the mooch he told it how it was. 

So T's gone from warning about the bubble on the campaign trail to embracing it? Trump Tweets Dow 22,000 Today: Embraces Big, Fat, Ugly Bubble

Watch for 22k - till then you prolly need to know nothing else.

On to the lie -

SPX 30m - Channel and all the extras still working. 




More to come below.

Have a good day.


GL and GB!