Friday, February 20, 2015

Morning Charts 02/20/2015 SPX /es

It's senseless to discuss anything till Greece is resolved. If Greece stays, then it's SSDD till we have this discussion again next year. If Greece leaves then a laundry list of very serious issues opens up. This is pretty much the ultimate damned if you do, damned if you don't scenario. Either way the end result will be disastrous.

On to the lie -

SPX Weekly - Here the truth lies. No indicator support, none at all, on the weekly chart for this new ATH.

SPX Monthly - Indicators falling off a cliff.

I'm very tempted to call a top right now.

More to come below.

Have a great weekend.

GL and GB!

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