Morning Charts 09/05/13 SPX /ES

GG. That's what the kids say these days at the end of a game. Good Game, GG. I have a feeling that we're finally ending our game as we know it.

Revelation 6:3-4 (NKJV) When He opened the second seal, I heard the second living creature saying, “Come and see.”[b] 4 Another horse, fiery red, went out. And it was granted to the one who sat on it to take peace from the earth, and that people should kill one another; and there was given to him a great sword. 

Matthew 24 4-14 4 Jesus answered: “Watch out that no one deceives you. 5 For many will come in my name, claiming, ‘I am the Messiah,’ and will deceive many. 6 You will hear of wars and rumors of wars, but see to it that you are not alarmed. Such things must happen, but the end is still to come. 7 Nation will rise against nation, and kingdom against kingdom. There will be famines and earthquakes in various places. 8 All these are the beginning of birth pains.

9 “Then you will be handed over to be persecuted and put to death, and you will be hated by all nations because of me. 10 At that time many will turn away from the faith and will betray and hate each other, 11 and many false prophets will appear and deceive many people.12 Because of the increase of wickedness, the love of most will grow cold, 13 but the one who stands firm to the end will be saved. 14 And this gospel of the kingdom will be preached in the whole world as a testimony to all nations, and then the end will come.

O, NSA, IRS, hated Christians, nation against nation, take peace from the earth, people turned from faith, tell me what you do not see now that is not written here? Chilling? Absolutely! Want to add stars falling from the skies to that? The Russian meteor and the coming comet Ison may just be signs from above. Maybe it is time to start locating a cave in the hills that He said we needed to hide in.

The bastards in DC are willing to destroy everything to maintain their power over the globe. The attack on Syria is totally unnecessary and unwarranted (unless you need a war so your buddies in Qatar need a LNG pipeline thru Syria or you need to protect your currency from losing world reserve status).

I could seriously throw down a major rant on the above and more, but I'll just keep the post short noting that the worst of all is our complacency for the whole mess. The fact we're allowing this to happen, we're not in the streets raising hell to stop out out of control government. It is a sad, sad, sad state.

TNX (10yr) Weekly - I've been showing you this rising wedge for years now here at STB. This is a perfect technical multi-year rising wedge with and ending diagonal that has now failed. This does not bode well at all for rates staying low, and with 3% oh so close at these levels, it is scary to think of what's to come.

Minis 60m - Formless and wandering, holding just above the critical red support diagonal. 1655 and then 1666 are the next major support areas while 23 remains major, major support.

More to come below.

Have a good day.

GL and GB!