Holiday week. Not sure about my reliability this week. Posts will be up but all sorts of extracurricular stuff will be happening. Standard holiday ramp job or at least consolidation continuing (barring an 'event' of some sort) should be standard.
Just a few moments coming this week to pay attention to, but the Minutes from the November FOMC meeting released on Wednesday could be a real humdinger the day before Thanksgiving.
On to the lie -
SPX 5m - Consolidation - nothing more/less
More to come below.
Have a good day.
GL and GB!
You know the drill, share the love and the knowledge.
If you see it, share it. I will as well.
Have a good weekend.
GL and GB!
Let's see what opex holds and if there are any surprises today or this weekend. Things be kinda crazy these days and you never know what you may get.
On to the lie -
I'll update some charts today. Right now a serious topping formation is in play across most time frames.
SPX 5m -
More to come below.
Have a good weekend.
GL and GB!
Grandma tomorrow and OPEX Friday - I'll just hold off on any speculation up here - Wait for them to tell you what to do.
On to the lie -
I'm still leaning weak with consolidation above 2120 till something breaks.
SPX Daily - OK, we're technically in a breakdown going back to test the highs. Two or Three rising blue dashed wedges were busted and reformed to make the final large black rising wedge. Then the blue consolidation triangle into black wedge support lead to the breakdown that fell thru 2120 and should have been much worse, but they (as they always do cause they can't let the market fail) got the Trump stick save and here we are back in OB land with deteriorating everything underneath. Very close to forming some large negative divergences.
Freedom watch -
As long as you are with 'them' it's all good - but when you express your opinion or your thoughts all of a sudden you become an enemy - double standards - Student Kicked Out Of Class For Disagreeing That Trump Election Was As Bad As 9/11. I can't wait to send the Little Shankys to college.
More to come below.
Have a good day.
GL and GB!
Fed speakers and data all week, so it's a crap shoot.
On to the lie -
SPX 5m - Descending triangle is still a possibility with 2151 is a neckline. 2120 still ultimate support above the abyss.
Freedom watch -
What freedom? Google Will Punish "Fake News" Websites By Halting Ads.
"One of the more perplexing theories to emerge explaining the failure of
Hillary Clinton's presidential bid, is that popular news curators and
aggregators such as Google and Facebook had distributed news created by
"fake" and "false" websites, thus influencing public opinion. So, in an
attempt to curb such websites, a move some consider tantamount to
censorship, Google and Facebook announced measures aimed at halting the
spread of "fake news" on the internet by targeting how the creators of
this alleged "phony content" make money: advertising."
So ...... what they are really going to is shut down opinions they disagree with - how liberal of them. Remember, if they did not have double standards they would have no standards at all. I seriously don't get how these people can wake up in the morning and look at themselves in the mirror.
More to come below.
Have a good day.
GL and GB!
Fasten your seat belts and get your popcorn (tin foil hats optional) - gonna be a wild and woolly week - "A Barrage Of Fed Speakers": The Key Events In The Coming Very Busy Week.
On to the lie -
SPX Daily - The explosion in TNX (pink dashed) is remarkable. Right now we're dealing with a rebound from a broken down major rising pattern. 2120 key support then 2090 and 2064. This week all you can do is wait on and follow the Fed.
SPX 60m -
Freedom watch -
The question has been asked - what's T gonna do with HRC and all the other criminals? He's got a big darn bee hive to eliminate. The queen has been removed from the hive, but all those worker bees still need to be contained. IMO, he's gotta take his time in the transition and prosecution. He has to allow this 'vent'. They must clear their emotional bowels. It's gonna take patience on our part, but warning to T, the longer you let the bad element hang around, if you let them reassemble, the harder they are gonna be to make irrelevant. The next kingpin that must be taken down is Soros - Has George Soros Committed Treason? This SOB and his divisive has to be stopped. Busing in PAID protesters must be stopped and either the laws enforced or the process made illegal. If people want to assemble and rage on their own - that's just fine. When it is an organized effort that causes destruction and death - that's a whole nother beast.
More to come below.
Have a good day.
GL and GB!
You know the drill, share the love and the knowledge.
If you see it, share it. I will as well.
Have a good weekend.
GL and GB!
