Wednesday, September 17, 2014

Morning Charts 09/17/2014 SPX /es

FOMC and Scotland and opex - what a brew! That's excluding the laundry list of other crud I gave you yesterday. 

I don't think I can add anything to the already brilliant links and discussion on these topics we've been having in the comments section. The scenarios and outcomes are all endless it appears and all quite intriguing, especially when you start tying in the conspiracy side. I'm sure we won't be seeing any conspiracy fact again, will we? 

Get ur popcorn and a comfy seat. Today and tomorrow have the potential for fireworks that have never been seen before. Fed language is hugely important. If the yes vote wins, this could be the external/exogenous financial STB "event" game changer that brings about the end game scenario. 

Now, remember, the markets rallied after the LEH incident. A review of the top in '07 may be in order. We all know with the DOW hitting ATHs today, any weakness will be presented as a significant buying opportunity (for the last great bull trap). The bought and paid for MSM will be in full propaganda mode I'm sure if things go south. 

No tops are the same, and I'm a proponent that we're in the bull trap now, and that once the gates open this time - everyone heads for the door. We'll have to see. Might be time to look into those market "control" features they have been installing again. 

On to the lie - 

SPX Weekly - Bout do or die for this call that's been out there over a year now. I'll have to look back and see if I can find whn I forst posted this chart with the red end line. I have a few weeks left if needed. I have a alternate plan as well that has the monthly chart topping in April. I'll take a 6 month window in necessary fro as far out as those calls were made. Today would be really good though. I can call a top within 11 points of SPX high and a day after DOW ATH. That would work for me. 

More to come below. 

Have a good day. 

GL and GB!

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