"I am one of those who do not believe the national debt is a national blessing...it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."
—Andrew Jackson, letter, April 26, 1824
SPX Daily - It is so a matter of when, not if. When looks to be closer than ever. Of course Team Total Control has it's hands firmly crushing the markets balls still so be very careful. the game is rigged and nothing "has to happen".
SPX 30m - This chart has pretty much kicked everything's ass for close to four months now. Gonna hate to see it go. That wedge is complete. Target would be lower dashed blue diagonal.
The old STB question, which comes first the war or the crash? They need the war to be able to cover up their failure, so expect a bomb to go off first then they have something to blame the coming market collapse on. Ron Paul Fears False Flag Looms, Urges Americans To Resist Deep State Push For War On North Korea On to the lie - SPX 30m - Support holds again, for now. Possible small IHnS if they can follow thru after the open targets 2510 - 16 possibly. Getting back thru the round number and at least trying to break out should be their goal here. Exhaustion should be their biggest issue, but we do have a few holiday ramp moments coming up so be aware of that.
Well, I punted the NFL last night. First MNF game I've not watched in possibly decades. Ya know what, I missed nothing, and I actually learned something on the Science Channel. Good for me.
As for the markets - Total Control until a catalyst - then the dumpster fire starts. When, not if. When the biggest question - remember EVERYONE heads for the gates at the same time. Gonna be a bloodbath. When it gets interesting I'll start updating more charts, but till then there is really nothing technical about anything (other than seeing the potential into how bad it's gonna be). On to the lie -
Not much happening, but then again everything is happening. Just need a catalyst.
Not sure if the rapture happened Saturday or not - I'm still here which may not be a good thing. Hmmm .... anyone else around?
On to the lie - SPX 30m - Not much to it. I do believe we're finally getting close to a reversal. Problem is Team Total Control (the original bunch of national anthem kneelers) won't allow a correction. Need something to motivate the market to override their position of power.
Maybe rocket man finally made a threat big enough to move the market south? Careful tho. As we all know when bearish things look their best is when 'they' come alive. Who knows, maybe they allow a little steam blow off here. They will use it to set up another short crusifiction.
On to the lie - SPX 2hr - Several formations and all OB or worse. It's not pretty at all. When, not if. Problem is, as is so incredibly evident since really 2010 or to some 2013, team Total Control. Never forget the casino is rigged.
Nothing burger from the FOMC yesterday. Look, it's really simple. Like my post on my SC account has said for years, "when the liquidity stops it all ends." They won't, they can't, stop feeding the machine. Simple as that. Just keep printing, keep the market afloat to hide failed policies and a rotting/broken economy.
We're not quite in hospice yet, but end stages here now with debt over $20T (actually over $125T counting everything). It can not be afforded. We can barely make interest payments now. Raise rates? LMAO impossible. Going in the way back STB prediction time machine one of the original calls other than the STB Event to end it all I also included default - massive global default. There will be no other way to get out of this global mess.
Earthquakes, hurricanes, riots, you name it - plus Revelation 12 in the skies on September 23rd - ya know, could be biblical. Ya know when they say the stars were aligned just right - well Saturday they will be. Some freaky shit.
On to the lie -
SPX 30m - Rising wedge at long term channel backtest. Usually not a good thing (esp with OB, ATH, overthrow, neg divs and the lot.) Just waiting on something to break.
SPX Weekly - The most sickening egregious move was busting 2200. That's when all technicals went out the window and 'they' stomped the gas. Everything was in place - like possibly one of the best points to call a top ever, but noooooo .... Hey, I have still not called 'the' top, bonus points for Shanky.
Bubbleiscious! Deutsche Bank: "Global Asset Prices Are The Most Elevated In History" When, not if. I'd be seriously looking at short strategies or exit strategies at this time. Not pulling the trigger just yet, but look at how you want to exit. Of course if I'm right, the rush for the gates will be all at once, worst in history I'm guessing. Soooooo, whatever strat you may come up with will prolly get blown up on an afternoon LOL.
On to the lie -
SPX 30m - Nice close - on the number. Damn they are good.
SPX 30m - Not much to say. Old burgundy channel failed, backtested, then failed as it should, but then rallied as only the Total Control Team can make happen. So the rising blue wedge is the best option now, but I'm not all that stoked about it with the possible STH double top in place.
SPX 30m - Not gonna say anything about the possible IHnS (in potential RS here) that would target 2530ish, but when the chips appear to be down, when it looks like Team Total Control/Corruption is out - they seem to pull off the miraculous. I'm not saying it will, just that it's something that you should be aware of. Just paiently waiting on the STB event - till then carry on.