Morning Charts 05/27/14 SPX /es

If this ain't some sort of writing on the wall, I do not know what is - First Cisco And Microsoft, Now IBM: China Orders Banks To Remove High-End IBM Servers. If you can not see the beginning of the end of our global dominance you may just be blind. It's all starting to fall apart. There is some cynical good that can come from this, but much more bad. What do they say about relationships when the trust is gone?

Speaking of trust - First Germany, Now Austria Demands An Audit Of Its Offshore Held Gold - uh, someone better hope they never want to audit the Fed's gold holdings. Well, let me say that those that hold physical would love such an audit, cause once it's proven that supply is not what they say it is .... those holding physical get cery rich very quickly.

If you can't feel it all slipping away, then you need to get your meds adjusted. But, but, but the markets - all time highs baby! All is well. Shanky you are a fear mongerer. You are a traitor and a terrorist. LoooooL! I am a realist. If the market is not THE cover for all that's bad then I'm a monkeys uncle. Let me say it again for at least the 1,000th time, the market is a cover, the veil, that hides all that is bad. Without it they lose everything and all control. They can not let it crash under any circumstances. At this point they can not even let it correct.

On to the lie -

Minis 60m - I fear up but like down. They either ramp it or they crash it. That's about all I have been saying for three weeks now. The STB red diagonal of death is on the doorstep and they are doing their damnedest to stay ahead of it. I mentioned how poetic it would be to end this all with the triple wedge throw over (red, yellow, green). Well with triple resistance just ahead, let's see what these bastards can do. 1913 to 1921 is the resistance danger zone.

More to come below.

Have you shared STB today?

Have a good week.

GL and GB!