Morning Post

10.2% ROFLMAO try 17+% if you live in the real world. Don't let the MSM sell you their crap. Things are FAR FAR FAR worse on the employment front than they are telling you. And some thought holiday hiring would help - her is a hint - it probably did. Don't fret bulls, JOBS DON'T MATTER. It is all about what the gigantic vampire squid wants and GS will drive the market ANY FING WAY THEY WANT TO. He who controls 70% of the volume makes the rules. FING BS. Fortunately most of the real investors are on the sidelines and staying there. THEY ALL LIE! LIE! LIE! LIE! Good thing it is a Friday or I'd really be pissed.

Minis 5m - Simple - the yellow rectangle is the 50 to 61.8% retracement area for the last move up. I've been calling for a top around 1067 to 1071 (with the outside chance of a pop to 1091 of which I have not given up on yet, but hope there is fading), so the top of 2 may be in and 3 of 1 may be here to pummel the market. That is not a call. Yellow (old market top line support) trendline has it now, then the green lower wedge line, then the red S/R line then the blue P2 lower wedge line. I'm not sure that lower blue line can stand one more hit. IMO it is going to take a 3rd wave impulse to take that lower blue trendline out for good and the set up has that happening. Look for 2 of 3 to backtest the blue line for the last time then Konichiwa.



SPX 60m chart - possible neg div in RSI, if not there is room to run. Upper red tendline may be (may have been) the top in the retracement box (blue).



I am not going to jump on the southwards bandwagon till I see the move in real time. I just got a feeling the PPT and GS may intervene in some way here and the daily indicators are too bullish right now. A top could be in, yes, we'll have to see what the indicators do. Remember the weeklys are driving the bus and he who has the high ground usually wins.

Sorry for the lame post, I got a lot going on this am, and I'm really not happy right now.

AUDIT THE FED SHOULD NOT BE DEAD!

GL today