Tuesday, April 8, 2014

Morning Charts 04/08/14 SPX /es

It's hard not to think that the real possibility exists that one day we're gonna wake up and it's gonna be game over. Like, poof, done, the end. The house of cards will simply collapse. 

That thought is honestly not that far fetched. When you get to the point where all the experts readily admit the game is rigged, then how far could you be from complete meltdown? I suggest you read, The Father Of High Speed Trading Speaks: "The Market We Created Is A Casino; A Complete Mess; A Rigged Game"

So how do you exactly take an unregulated rigged market back from the mafia that controls it? Not exactly sure how that's gonna happen when the government and justice department are just as corrupt. 

I guess we're screwed huh? 

On to the lie - 

I'm not freaked out about this fall quite yet. Close, but not yet. It is making quite a bit of headlines. Indexes turning red for the year is being duly noted by the MSM. Funny, it's almost like they are stirring the pot, mocking and throwing barbs at the Central Bankers challenging them to come back to the table. Fear does not exist at this time, but like Yoda said to Luke, "You will be afraid. You will be." One day everyone will be terrified, and that will happen in the not to distant future. 

Minis 60m - Double or triple bottom - is the 1833 area their max pain threshold?Not sure, but I do know that 7 points below this is the STB red diagonal of death at 1826. That my friend is what I believe everyone is watching.

More to come below. 

Have a good day.

GL and GB!

No comments:

Post a Comment

Keep it civil and respectful to others.