Wednesday, August 19, 2015

Morning Charts 08/19/2015 SPX /es

FOMC day.

Greece is (very unceremoniously) done for now. When your hands are tied and there is no way out, you perpetuate. 

On to the lie - 

As we discuss every day, when? No one knows. My best guess is after this next and last QE. Here is one opinion. Only The Date Is Unknown But now we get this? After 6 Years Of QE, And A $4.5 Trillion Balance Sheet, St. Louis Fed Admits QE Was A Mistake
 As I've always contended, we shoulda just taken our medicine in 2008, and we'd more than likely be in a real recovery today (well, that sounds good, our criminal government would still have screwed up even the best case scenario). 

SPX Daily - I still like down, but I still think consolidation will continue as long as they can maintain these levels. Daily ma's are key. Watching that 50 slowly moving in on the 200 for the death cross is almost painful.

Freedom watch -

Try this on for size - Clinton Foundation, DNC Donor Appointed as Federal Reserve Official - New appointee replaces a popular critic of the Fed weeks before pivotal meeting

More to come below. 

Have a good day. 

GL and GB!

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