Tuesday, January 27, 2015

Morning Charts 01/27/2015 SPX /es

Well, yesterday I said I still give the bears a fighting chance. Apparently with the failure of this round of levitation medication the patient may be taking a turn for the worst. Like with standard meds, sometimes they lose their mojo. The disease morphs and becomes immune to what we want to treat it with. While this situation is usually a dream (and sometimes scripted) for big pharma, in this case it's not the desired result (which can be debated). 

Either way, their most recent round of levitation medication failed. Continuing the big pharma analogy, for better or worse, meds tend to become moar expensive over time, sometimes to a point where they can no longer be afforded by the patient or a supporting government (or bank(s in this case). 

But this is Merica (or at least Merica's doing), we don't fail, we just go larger - isn't that the answer for everything? So, I'd expect a last round of treatment that's so large it will either cure (impossible) or kill, via overdose (highly probable), the patient. The Fed's gonna be forced to throw every form of treatment possible in a last gasp effort to save the patient. Un-taper, go NIRP, anything you can imagine in their power and not will be thrown at the proverbial wall. 

What happens when the patient dies? Well, I've told you for years how to prepare for that. I hope you have been listening. 

Interesting - worth repeating

"And it is very interesting to note that there will also be a solar eclipse on September 13th, 2015.  Over the past century, there have only been two other times when a solar eclipse has corresponded with the end of a Shemitah year.  Those two times were in 1931 and 1987, and as Jonathan Cahn has told WND, those solar eclipses foreshadowed major financial disasters…"

On what STB is not, and why we're financial outcasts - Truth sucks. It takes a huge set of balls to address and deal with reality. We will all be better off in the long run for the path we chose to take. 

"Anyone with half a brain willing to say “Well hold on…” is immediately scorned, shrugged off, and quite possibly branded and slated to appear before the inquisitor committee of the Central Banking church of Keynes."

On to the lie - 

SPX 30m - She turned without a negative divergence. Can't remember the last time this happened. Very large range around that LT resistance diagonal that price does not like to stay above. 

SPX 5m - NT support will be trounced this morning. First black support was busted, and now blue support will go. This is not a good trend especially when there are no neg divs following QE. 

More to come below. 

Have a good day. 

GL and GB!

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