Tuesday, March 10, 2015

Morning Charts 03/10/2015 SPX /es

Early post

At meeting for the kids at school now but should have time to get something up before the open.

Futures off 13.  Hello!  Maybe that abc then fail I mentioned yesterday is in play.  My 2070 support gets abused in style at the open.  The 2055 HnS target is in play.  I have not bothered to look any lower than that at this time.

The epic #ECBQEFail must be a huge disappointment for the cb's. Not sure how long they let it slide before the next round of Fed speak hits but you know it coming at some point.  Bottom line is buybacks and loads of fiat liquidity do not make a market. As for fed speak -  the next big move will have to be promised from our Fed.  As a bear that's what worries me the most. As a citizen of this once great country,

More to come below.

Have a good day.

GL and GB!

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