Monday, December 15, 2014

Morning Charts 12/15/2014 SPX /es

Food for thought this morning - Are Your Savings Safe From Bail-Ins? The list provided in the post sounds somewhat similar to someone you've been reading daily for a few years now. 

Come on, manipulation? Russians? Really? They went there? What a bunch of conspiracy kooks. Geez, what's next? Like someone is gonna think the US is directly involved in the Ukraine crisis.

Interesting to see, a lot can happen in one-half of a second - Slow Motion of Crude Oil's 1/2 Second, 90 Cent Rally. Note - half second. Man those human trades are lightning fast. 

TRIA - the Terrorism Risk Insurance Act? Say what? The Unexpected Threat to Super Bowl XLIX Ahhh, what would we not be able to do without a massive government to control everything? 

Very interesting, since we had the Elf and know many more that do and you may know some as well - you'll never look at that little sucker the same again after reading this - Prof: ‘Elf on the Shelf’ conditions kids to accept surveillance state

And the STB Xmas moment of the day
"Welcome, Christmas, bring your cheer. Cheer to all Whos far and near. Christmas Day is in our grasp, so long as we have hands to clasp. Christmas Day will always be just as long as we have we. Welcome Christmas while we stand, heart to heart, and hand in hand." Dr. Seuss
or you may prefer - (video)
Clark: Hey! If any of you are looking for any last-minute gift ideas for me, I have one. I'd like Frank Shirley, my boss, right here tonight. I want him brought from his happy holiday slumber over there on Melody Lane with all the other rich people and I want him brought right here, with a big ribbon on his head, and I want to look him straight in the eye and I want to tell him what a cheap, lying, no-good, rotten, four-flushing, low-life, snake-licking, dirt-eating, inbred, overstuffed, ignorant, blood-sucking, dog-kissing, brainless, dickless, hopeless, heartless, fat-ass, bug-eyed, stiff-legged, spotty-lipped, worm-headed sack of monkey shit he is! Hallelujah! Holy shit! Where's the Tylenol?

On to the lie - 

Xmas ramp time? 

SPX 30m - Who knows? As I said all last week, the start to this fall is eerily similar to the one back in September. When SPX stopped at 55 just short of resistance I was thinking oh boy. Well, it is the holiday season and futures are scorching this morning. I'm sure they want to reassure you that you have nothing to worry about going into Xmas. Falling megaphone or channel or wedge - we can draw them all. I got my 25, 10 and almost 00 points. Right now I'm looking for backtest of 25 and will regroup there if necessary. 

SPX 60m - Wasn't someone a while ago looking for a fall to create a lower support diagonal for support for a larger rising wedge and ramp to Xmas? 

SPX Daily - Lower BB at 2018. 50dma at 2000. 100 is at 1987. Just keep these numbers in mind.

More to come below. 

Have a good week. 

GL and GB!

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