Friday, July 17, 2015

Morning Charts 07/17/2015 SPX /es

Who knows? About all you can do is wait on the news and react. 

On to the lie - 

SPX 30m - Overthrow of neg divs yesterday and neg diving again. Diagonal of Death just above about equal with the ATH. Rising wedge that's not complete but sure looks like it wants to peter out as this epic run off the lows into opex today tries to churn higher.

SPX/BP - Epic. One slip and the collapse will shock the world. 

Freedom watch - 

Are you the least bit surprised? Obama Honors Islam Before Dead Marines Killed by Islamic Terrorist; Americans Furious - White House sent out 'happy Ramadan' statement before commenting on Chattanooga attack How he's still in office is beyond my comprehension.

More to come below. 

Have a good weekend. 

GL and GB!

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