Early post.
Gotta run mrs STB by the tire store.
Also yesterday my internet was down the whole day at the office. So sorry for not being here or updating any Charts.
On to the lie -
More to come below.
Have a good day.
GL and GB!
Thursday, May 18, 2017
Wednesday, May 17, 2017
Morning Charts 05/17/2017 SPX /es
Interesting action overnight that's trying to be wiped away. Strange, the things that move the markets these days.
I'll stick with my patience grasshopper meme with a follow the Fed caveat - Bill Blain: "Talking To Accounts The Bottom Line Is Asset Prices Continue To Rise Despite Our Disbelief". Total Control is real and always must be the first thing you take into account when trading in this faux market.
On to the lie -
Bottom line is the there is a tug-o-war happening now with price. Believe it or not, there are real forces trying to sell. This is a bizarre nuance to this new modern market.
SPX 60m - 4 FOUR islands and this gap down will leave an island above as price should take out near term diagonal support.
SPX Daily - the support that really matters - anything under 80 opens Pandora's Box.
More to come below.
Have a good day.
GL and GB!
I'll stick with my patience grasshopper meme with a follow the Fed caveat - Bill Blain: "Talking To Accounts The Bottom Line Is Asset Prices Continue To Rise Despite Our Disbelief". Total Control is real and always must be the first thing you take into account when trading in this faux market.
On to the lie -
Bottom line is the there is a tug-o-war happening now with price. Believe it or not, there are real forces trying to sell. This is a bizarre nuance to this new modern market.
SPX 60m - 4 FOUR islands and this gap down will leave an island above as price should take out near term diagonal support.
SPX Daily - the support that really matters - anything under 80 opens Pandora's Box.
More to come below.
Have a good day.
GL and GB!
Tuesday, May 16, 2017
Morning Charts 05/16/2017 SPX /es
Nothing but trash and fear mongering in the news. The most recent HRC deletion Seth Rich news is the most interesting.
On to the lie -
Patience Grasshopper. We're closing in on or at some sort of reversal. Two things - wither a move back to 78 and then a last bull trap or something larger to the downside is coming.
SPX Daily - Looks like we're do for either a major reversal or a pullback then a pop then the major reversal.
SPX Daily - This is nasty, simply nasty. the negative divergence at this small double top is really bad.
SPX 30m - Anatomy or a rollover.
More to come below.
Have a good day.
GL and GB!
On to the lie -
Patience Grasshopper. We're closing in on or at some sort of reversal. Two things - wither a move back to 78 and then a last bull trap or something larger to the downside is coming.
SPX Daily - Looks like we're do for either a major reversal or a pullback then a pop then the major reversal.
SPX Daily - This is nasty, simply nasty. the negative divergence at this small double top is really bad.
SPX 30m - Anatomy or a rollover.
More to come below.
Have a good day.
GL and GB!
Monday, May 15, 2017
Morning Charts 05/15/2017 SPX /es
Early post
I'm in the ATL. Mom is having a routine surgery so I'll be with her at the hospital toady. I should be back in the saddle tomorrow if all goes well. I'll check in and chime in if necessary.
On to the lie -
More to come below.
Have a good day.
GL and GB.
I'm in the ATL. Mom is having a routine surgery so I'll be with her at the hospital toady. I should be back in the saddle tomorrow if all goes well. I'll check in and chime in if necessary.
On to the lie -
More to come below.
Have a good day.
GL and GB.
Friday, May 12, 2017
Open Weekend Post 05/13-14/2017
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!
If you see it, share it. I will as well.
Have a good weekend.
GL and GB!
Morning Charts 05/12/2017 SPX /es
Other than Comey and China things are way too quiet.
On to the lie -
SPX 30m - Rising burgundy channel - within it a smaller burgundy channel rolls over into a bluer rising wedge which breaks down to the black wedge that failed all encompassing three open islands and roughly 33 points in gaps. It looks to be rolling over - 72ish critical support. To get there 91, 86 and 83 need to crack.
More to come below.
Have a good day.
GL and GB!
On to the lie -
SPX 30m - Rising burgundy channel - within it a smaller burgundy channel rolls over into a bluer rising wedge which breaks down to the black wedge that failed all encompassing three open islands and roughly 33 points in gaps. It looks to be rolling over - 72ish critical support. To get there 91, 86 and 83 need to crack.
More to come below.
Have a good day.
GL and GB!
Thursday, May 11, 2017
Morning Charts 05/11/2017 SPX /es
Not much to talk about up here. China is slowly imploding as well as America and all the other global leaders - but you did not hear that here.
On to the lie -
SPX Daily - The insanity. Two wedges (black and grey) overthrown by the formation of the blue wedge to double tops at ATH's with negative divergences that go for a year and are worsening. IMO we're close to some sort of pullback or correction, but it will be forced by an outside influence. Natural or technical pullbacks have been outlawed, so in this case IMHO price is saying that sooner than later something is going to happen to cause a correction. Will this be the STB "event"? Not sure but price will prove it is boss here sooner than later.
SPX Daily - I see evidence of a potential rollover here, but you need to be watching wedge support to see if the breakdown is for real. At this time I can see short term targets above 2415 and below 2372. Just don't know which way Team Total Control wants it to go. Let's watch support here for a clue. Price is on an island above an island. That's not good.
More to come below.
Have a good day.
GL and GB!
On to the lie -
SPX Daily - The insanity. Two wedges (black and grey) overthrown by the formation of the blue wedge to double tops at ATH's with negative divergences that go for a year and are worsening. IMO we're close to some sort of pullback or correction, but it will be forced by an outside influence. Natural or technical pullbacks have been outlawed, so in this case IMHO price is saying that sooner than later something is going to happen to cause a correction. Will this be the STB "event"? Not sure but price will prove it is boss here sooner than later.
SPX Daily - I see evidence of a potential rollover here, but you need to be watching wedge support to see if the breakdown is for real. At this time I can see short term targets above 2415 and below 2372. Just don't know which way Team Total Control wants it to go. Let's watch support here for a clue. Price is on an island above an island. That's not good.
More to come below.
Have a good day.
GL and GB!
Wednesday, May 10, 2017
Morning Charts 05/10/2017 SPX /es
Early post
Late start Wednesday
On to the lie -
More to come below.
Have a good day.
GL and GB!
Late start Wednesday
On to the lie -
More to come below.
Have a good day.
GL and GB!
Subscribe to:
Posts (Atom)