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!

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