Thursday, April 4, 2013

Morning Charts 04/04/13 SPX /ES

Not much for me to cover. Call this a frustration post where I'm tired of covering the same old crap over and over again. Call it protest post against all the corruption, theft and greed. I really don't have much to add to everything that we all know that is going down. The charts are where they are. Yesterday's post has the particular charts you need to see. The governments are doing what they are doing. About the only thing new worth considering is N. Korea and the Chinese build up on their border. Just how mental is Un? We may be about to find out.

Minis 60m - Same chart we've been following for a couple of weeks now - First there was the largest green channel. Then that morphed into a blue channel inside. Then a smaller green channel inside that. Yesterday the smallest green channel gave way and price found its self down at blue support. If this goes the green channel support near 1527 should come into play and pretty quickly I'd guess.

Daily SPX - TNX continues to tumble really hard and the dance with the 50dma support is something worth watching. For this chart not to puke all over its self would be yet another travesty in the long line of horrors we've seen over the past three years.

Have a good day.

GL and GB!

No comments:

Post a Comment

Keep it civil and respectful to others.