Thursday, August 13, 2015

Morning Charts 08/13/2015 SPX /es

You gotta have faith - it's inevitable and the only bullet they have left - Both ECB And BOJ Warn More QE May Be Response To Chinese Currency War - I'm not sure any other commentary is necessary today or maybe even till this happens. Move along. All is well (till it isn't).

On to the lie - 

SPX 30m - for some reason I thing this chart has relevance, but you really prolly only need to be watching the SPX 200dma and the DOW death cross situation.The breakdown of pink support and the backtest yesterday after that ridiculous recovery ... price is actually in a very bearish spot where if the backtest holds this morning a trend change to the negative would be in order. IMO this with the DMAs and such are all the more reason for them to intervene.

SPX Daily - If they could drop price to 44 then there would be some descent positive divergences. Everything is sort of neutral.

Freedom watch - 

The explosion in China may possibly get the US framed for a terrorist act or something like that - just saying the blame game may have to happen and sabotage/terror could actually happen.  Just something to think about. 

And this - Why? - Breaking any laws here? Nooooo, not this administration ... no way - 150 Days: Treasury Says Debt Has Been Frozen at $18,112,975,000,000

PGA Championship at a remarkable course this week with a hot competitive field - should be great. 

More to come below. 

Have a good day. 

GL and GB!

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