Morning Charts 06/19/2017 SPX /es

They love confusion - So what is it? Eric Peters: "Last Week Saw The End Of The QE Era" or "Grouchy" SocGen Analyst: "Fed Will Be Buying Again Long Before They Finish Normalizing"

I still believe QE4 will happen like it or not, or it may be happening now in the form of perpetual QE. I mean, like, how else are prices at these levels?

On to the lie - 

SPX Daily - Looks over cooked to me, but I'm not the chef.

More to come below.

Have a good day.

GL and GB!

Open Weekend Post 06/17-18/2017

You know the drill. Share the love and the knowledge. 

If you see it, share it. I will as well. 



Have a great weekend. 

GL and GB!

Morning Charts 06/16/2017 SPX /es

Quad Witching.


On to the lie - 

Looks like a gap up open to set yet another island gap situation.  I'm still leaning for consolidation waiting for catalyst to ignite breakdown.

SPX 10m - Consolidation.

SPX 60m - For the gazillionth time a wedge has broken down and gone into failure backtest mode - will they thwart yet another beautiful bear setup? 

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/15/2017 SPX /es

Just waiting on a trigger.


On to the lie - 

SPX 60m - Pretty good chart right now with all the big numbers and formations. Looks like the bears may finally get a foot in the door, but how long they can keep it open is another question.  28, 17, 04 (with 38% retracement) are support numbers for starters. 39 is resistance and 28 should become resistance. 2404 to 2386 they fully deploy all chutes IMO. If not there 2366 then 2336. (14, 90 and 65 are the big daily MA's to watch for as S).

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/14/2017 SPX /es

Follow the Fed - never forget that both Good and Bad = Good.  Let's see what Granny has to say.  "The Day Of The Dovish Hike?"

On to the lie - 

SPX 60m -Third iteration of the rising wedge inside the black megaphone. Negative divergences worsen. Patience required. Just waiting for a trigger moment. Till then Team  Total control has the ball.

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/13/2017 SPX /es

Cause it's rigged! One Trader's Advice To Bond Bears: "Come Up With Something New"


On to the lie - 

SPX Daily - More than ready, just waiting on triggering event.

SPX 30m - Possible backtest then breakdown? Or, just breakdown? Or, Team Total control does their thing and does not allow any sort of meaningful correction. 

More to come below.

Have a good day.

GL and GB!

Morning Charts 06/12/2017 SPX /es

Well, I'd pay close attention to these news events. Key Events In The Coming Busy Week: Fed, BOJ, BOE, SNB, US Inflation And Retail Sales



On to the lie - 

To put Friday into context - it's a tiny blip that could be a first spark. See Gartman here (LOL).

SPX Daily - Potential to get nasty is real, but so is Team total Control's ability to thwart any negative move. It does look like TA is about to win the game in the 4th quarter tho.

SPX 15m - 

More to come below.

Have a good day.

GL and GB!

Open Weekend Post 06/10-11/2017

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!