Nothing up here other than he's gotta have his war, they can't let him win and the FF we've been looking for may just happen -US Warns Of Possible Al-Qaeda Terrorist Attack On Monday Targeting NY, Texas And Virginia. And don't forget - it is their money not yours - I've been warning about this for many years - they will come and confiscate ALL retirement assets and redistribution for the 'better good' will occur. This WILL happen. They should have said they are headed for confiscation - Government Pension Plans Are Headed For Disaster. The only safe place - as I've said for years - is outside of their system in precious metals, land, tractors, any physical asset that is real and tangible - beat them at their own game - turn your worthless fiat into something tangible. On to the lie -
SPX Daily - Looking at the whole chart - Multiple rising wedges (blue dashed) forming and reforming into the large (black) final wedge. Attempting to roll over on multiple occasions but denied driving to ATH that's not sustainable and has very little support. We noted and followed the consolidation at black support above 2120 and then watched the descending triangle form as the large black wedge broke down. The retracement areas from 2068 to 2048 frame the major s/r at 2064. the 200dma at 2082 is the first real support down here and can be busted as seen in the past but it will generate some sort of bounce eventually. Then we reassess. As for calling a top or the top, I'll get into that next week. Don't think I can do that till after the elections - hint - if T wins it's in if C wins they remain in total control mode.
SPX 60m - STB's been looking for a falling wedge or a series of them, thus far this turn has not quite formed as many have in recent years. Different this time?
Markets don't matter. The fight for freedom and our rights has never been at a more pivotal point. This is no longer a place where we can casually trust government. We must #draintheswamp or the Orwellian nightmare becomes complete. Remember the markets are little more than a distraction at this time. Nothing is real. On to the lie -
SPX 30m - I'll be looking for a falling wedge to form out of this falling channel. If past trends hold, one or two more even sharper falling wedges will form. 2064 is next key support.
SPX 60m - Time to break out this chart showing the three consolidation levels we followed for so long. the big deal? This fall should hit that black falling support diagonal.
Freedom watch -
We've come to the point where coups are happening within our government? This struggle for power is between the very evil and the better option of lesser evil or possibly even good. This is a very very big deal. I would not be surprised to see a few dead bodies come out of this or even a major war as this battle rages. They need big distractions now more than ever.
No shave November! This is to grow awareness for prostate cancer in men. I encourage you to participate. Nothing like having a great excuse to put down the razor for a month and start growing that winter coat. Market is totally in standby mode. Not sure they are willing to risk moving it either way to help Hildabeast as it appears everyone is finally starting to jump ship. the market may act independently not effected by the potus race for the next week. bottom line is they either hit the snooze button and hang on to support or it's about to let go.
On to the lie -
SPX Daily - Rising wedge support is gone. All that's left is 2120. Descending triangle (red) should help pressure the potential breakdown targeting the next major level of support 2064. Oversold conditions with some small pos divs at 2120 provide optimism for 2120 to hold for now.
SPX Monthly - Way OB, as in that was the blow off top. Set up for plenty of room to fall.
Happy Halloween. The good news is that tomorrow I can begin my annual bombardment of daily Xmas fun. Other than that, we gotta hold out breath and make it to the election. PPT doing all it can to hold 2120 and protect the mafia boss' potus run. that's fading and could let go any moment. Only fed speak is important now outside election news. Get ur popcorn, gonna be an interesting week. On to the lie -
The most important chart of the day - One that at least has meaning and is rooted in something real.
SPX 60m - Gonna keep pounding this descending triangle pattern. Why not? It's there, it's following a massive rising wedge breakdown and targets key s/r at 2064. I'm still gonna hang on is they somehow but it up thru upper resistance. If that happens I will assume it to be a last gasp desperation move to save a big move south.
SPX 30m -
Freedom watch -
Where to start here? Oh boy? Well, there is hope again with FBI probe, and Assange is not done yet. My real fears lie in a JFK of Trump or an outright steal of the election. I'll reiterate, they can not let him win. More to come below. Have a good day. GL and GB!
