Morning Charts 02/11/13 SPX /ES

Two words - Papal Prophecy. If you don't know about this, maybe you should entertain the prophecy of Saint Malachy. This is some freaky stuff not only regarding to the accuracy of the order of the popes to this day as called in the year 1139, but it is pretty darn scary to think that the list ends with this last pope. This next pope (Peter the Roman) will preside over the destruction of Rome and to some will be the antichrist revealed. This at least gets Obummer off the hook for now. Who knows, he may declare himself the next pope. I would not put it past him.

First, let's get this straight, Popes DIE they don't quit. One has to wonder with all the corruption running rampant across the globe if this pope is not being either forced out or sees something so terrible that he is compelled to leave the post. Has the Italian banking crisis and the global financial crisis bled over into the church and its bank? Will the next pope be another former GS executive? What about the assets of the church? Does this have something to do with the wealth of the church and Italy's financial troubles?

Folks are gonna freak out over this and for good reason. I have written about this prophecy in the past, and I suspected that the reign of this pope would not be long for it to fit within the time frame of the impending global financial collapse. Given the global financial crisis and tension, and then combining that with the prophecy that this pope will preside over the destruction of the seven-hilled city and the coming of the dreadful judge. Ouch. Bottom line, it fits perfectly with everything that is going on around us at this time. It could be one of the final pieces of the puzzle. We could literally be nearing the end of biblical times. If you do not know about this prophecy, I suggest you google it or follow the links provided and learn more about this subject.



On to the markets -

With potus and the SOU speech tomorrow night I expect little to happen with the markets before then. The most important thing this week is the G20 meeting. It is hard to imagine how many lies will spun this week surrounding currency valuations.

Daily SPX - continues to have almost unprecedented extended negative divergences and is currently overthrowing the most recent and LT technical formations. It is only a matter of time now, but it will take a catalyst. Let's just hope for our sake this is not the catalyst leading to the event. None of us want what's coming. I'm not sure any of us are truly ready. One thing that is for sure, your government is preparing for the worst right in front of your eyes. I hope you are preparing yourself accordingly.

Minis 30m - a new white channel just to add to the confusion that is beginning to overcome this chart. I can't remove any of the older formations because price still tends to obey those points even after they have been retired.

More charts below as usual.

Have a good day.

GL and GB!