Wednesday, May 28, 2014

Morning Charts 05/28/14 SPX /es

Like we've been pointing to for years now - Just Two Charts No comment necessary.

On to the lie -

SPX Daily - Divergences continue to worsen. Can they overthrow this sucker again?

SPX Weekly - Are they about to overthrow the negative divergences again? If so it won't last long and will only lead to moar pain when the turn finally happens.

VIX - Time for a cycle move to 21?

Minis 4hr - Triple rising wedge resistance - ever heard that before? Minis hit 1914 the beginning of the upper resistance zone that stretches up to 1921. I still like my thought of how symbolic it would be to end this farce once and for all with the ultimate triple wedge resistance overthrow. It is bad enough here just making it to this resistance area.

Minis 15m - Wow and why? What does it really matter at this point? We know it 100% rigged.

More to come below.

Have you shared STB today?

Have a good day.

GL and GB!

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