Tuesday, February 5, 2019

Morning Charts 02/05/2019 SPX

Truth is scarier than fiction - and these ideas are not fiction -

 We're crumbling - Bill Blain: 'What We Saw In San Francisco Was Frightful"

They watch and know everything - How Amazon's Ring & Rekognition Set The Stage For Consumer-Generated Mass-Surveillance

AI is real and it's coming (to replace most of us) - "Superhuman Is The Last Step" - AI Expert Warns Robots Will Replace Man Within 50 Years

Remember - its all rigged. Don't ever forget that. 

I'd say if you're over 50 you're gonna be out of here before the worse hits.  Congrats.

On to the lie -

SPX Daily - I'm still uninspired. Drift up. SOTU could have effect, but right now things appear to be back on cruise control. Disaster can happen at any moment. Never discount TDS and FF possibilities. Fed can change course. It's all a house of cards.

Tons of resistance. MA's minefield. 62% retracement. Then there is that IHnS. I don't think that works. I nailed the last one before possibly everyone. Not counting it out, but not liking it.

One thing - My fav indicator, the MACD Hist, is waning and neg diving from price. This has me leaning with caution now more than anything. No disaster setup. Needs a pullback and run up to get that. 

More to come below.

Have a good day.

GL and GB!

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