Wednesday, December 26, 2012

Morning Post 12/26/12 SPX /ES

I trust all here at STB had a wonderful Christmas holiday. This is an early post - I may add some more to it.

For a glimpse of our dark future I suggest you read Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport.

SPX Daily - Critical support points where blue and black meet. NYMO, SPXA50 and MACD histogram are all ready. If RSI14 can break that 25ma and the 50 line that will be a good clue more downside is in store. If not, RSI may want to run to the top. No telling what we're gonna get this week with the Fiscal Cliff front and center. I'd guess the news will be bad and Obummer will speak in  his usual terms of mandates and power, thus reviving hopes that all will be well and the great backstop will always be there.

Happy New Year!

GL and GB!

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