Thursday, June 5, 2014

Morning Charts 06/05/14 SPX /es

Not much to say this morning. QE or rumors of is all there is left driving things, so I guess we just have to wait till they can't QE anymore at this point. The promise of liquidity, nothing more, drives the lie that is the market. My fears are constantly being realized. Their backs are to the wall. They have to keep liquidity rumors alive and well. The EU and Japan have done an exceptional job with this the past several months. Belgium is doing its part as well (LOL). They can't let this "promise" die or even really fulfill its self at this point, thus were close IMO. There is no where else to lean, lie, or pick up the liquidity ball. 

There has never been a more important time to be seeing thru their lies than now.

On to the lie - 

As for the VIX - it is busted. Simple, end of story, busted, meaningless. It will regain its proper status one day and in a hurry, but till then it is simply another sham data point in a world full of deception. 

Minis 4hr - Inverse HnS target 1968. Upper red diagonal of death resistance is 1947 here.

Minis 5m - Upper red resistance not in this picture yet. 1947, if they can get it there, is the number today. Green and red rising wedges clearly overthrown. A possible retest near 1922 before the drive to glory? 1922 is a very key level today. Sub 1922 is a massive black hole they have created all the way to 1886. I'd expect them to protect this level. If it breaks hard hats should be mandatory.

More to come below.

Have you shared STB lately?

Have a good day.

GL and GB!

No comments:

Post a Comment

Keep it civil and respectful to others.