Monday, September 15, 2014

Morning Charts 09/15/2014 SPX /es

Scotland, ebola, ISIS, immigration, coming election, and much much more all on top of a deteriorating economy, debt, corruption and even, even more. FUBAR is a word that comes to mind. Ahead of the FOMC this week, I'd say nothing but confusion shall reign. The world could literally turn on a dime this week. 

I'm gonna let all this stuff sort its self out before I throw out a post. Right now is a sit and watch time IMO. Let's see what they make happen. Very nervous times here. 

On to the lie - 

SPX Daily - Delayed reaction? From where this chart was positioned (neg divs- lost support) at the top last week to where price is now, something ain't right. Well, we all know the CME/PPT combo is fighting hard. Basically it is what it is, and hopefully thechnicals can start asserting themselves on price. Not sure if that is possible, but the setup is now overdue. 

More to come below. 

Have a good week. 

GL and GB!

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