Monday, April 7, 2014

Morning Charts 04/07/14 SPX /es

Time for the grand reset or worse? I think most would agree when you elect a lying and fawning puppet like our current potus, a great country like this has reached the top (or bottom) and is long overdue for great and expansive change. Heck, we don't even have any talent in the wings, left or right, that's worthy of holding the presidency.

It's so sad that this nation has lost all of its morals and positive direction. Somewhere along the way (1913 and 1963 to be more specific) we traded in our moral compass in exchange for the selfie based greed system. Basically you can say we traded God for a credit card as a populace, and as for the government, even worse, they may as well have traded God for the devil. Instead of a spiritually based nation, we're now greed driven.

My first post of 2012 was all about how God is now dead to America and how lost we were as a nation. I believe that observation holds more true every day as we move forward. Just show me the money! I want my Escalade with spinning rims, neon underlights and a sound system that will disturb everyone in a one mile radius. I want my Mercedes cause everyone else has one. Give it to me cause I deserve it, not cause I worked for it or earned it, but I want it given to me cause I'm an American.

I suggest you read And The Next Big Thing Is... Degrowth?. I used to talk cycles a lot back when I first started the blog. All types of cycles can be used effectively in all sorts of analysis. Of course that only holds true when dealing with a natural system and one that is not rigged and manipulated, so naturally I stopped discussing it till now. I'm pretty sure everyone here remembers the standard business cycle trough, expansion, peak and contraction. Let's just say we peaked in 2007 and have attempted to delay contraction. Of course this is economically impossible as we're discovering. 

Our $16 trillion Keynesian experiment at defying the top of the cycle is proving to have been futile. It is a blatant display of arrogance and will be the death knoll of this nation. Instead of admitting defeat, taking our medicine and letting standard economics follow its natural path, we had to prove we were greater and more powerful than mother finance. This, like messing with mother nature, was a huge mistake.

Cycles, they come and go like clockwork. Nation states rise and die. I'm 100% positive that just like the Israelites in the time of Moses, we too are about to be sent to wonder in the desert for 40 years for our sins. The question is, what do we return to when we're allowed to cross the river back into the promised land? 

Top, yes top, this is a word that you should be hearing more of, but the controlled MSM is not about to risk its fate to tell the truth and defy its advertising lifeblood. We're topping (or bottoming) out right here and now. What should have ended in 2007 has been extended an extra seven years. What does $16 trillion in additional debt, TBTJ and endless entitlements get you at the top of a cycle? Absolutely nothing and that's being proven every day. 

When you drive the global ponzie with your world reserve currency and the world starts to balk at your control of the system and stops buying (UST) into it, you're in deep shit. Of course we started printing at this point and the rest is history. Things are about to seriously change in America. Times are going to get really, really tough. We're going to have a civil war/revolution/social unrest period soon that will finally take us to the bottom. 

This will happen after the great false flag. The coming great domestic terror event that will make 9/11 look like a rookie move in the terrorist trade. Of course just like Benghazi, Syria chemical weapons and the recent sniper event in the Ukraine their ploy will be seen for what it is. Following this event they will immediately come after ALL of the retirement savings of ALL Americans. This will be of course to fund the "war effort". 

They tried to take the guns and could not, so they went after the ammunition. Remember they control the power, food and water. I've been telling you for years to get out of the dollar and prepare for the worst. Time is running out. I believe our path is clear and can not be altered. I just hope that in the end we can take back our country and restore it to the great nation it once was. If not, the globalist elite win and the UN Agenda 21 one world government win, and that will suck. 

On to the lie - 

I still content the charts will get it right and between now and June it should end. If Friday did not mark the top, they can't push it much higher. SPX 1900 is so close I would be very surprised if they did not capture it to past one last psychological barrier to drive the last sacrifice for the last bull trap.

Monthly SPX - See the yellow boxes on the indicators and their diagonal support. Also note the extended negative divergences and the overbought conditions. If you are a tue believer, but remain scared I'll say this - If you are not out by the time the 10ma crosses the 20ma on this chart you will possibly lose everything - either to failing markets or confiscation.

Weekly SPX - 1450 is coming and will be here sooner than you want it to be. Let's just say I think it will come in a  "flash". Again, yellow boxes and negative divergences.

Minis 60m - I'll get into more detail below and tomorrow on this. Purple near term support is gone and the red line of death below at 1826 is rapidly approaching. 1844 support below is key. 

More to come below. 

Have a good day. 

GL and GB!

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