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!

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