Morning Charts 08/26/2015 SPX /es

So, are we supposed to have all eyes on China (Remember distraction is their best trick)? You know, the nation that was taking over the world, was gonna be the next best thing since sliced bread and lead us all to great prosperity. Yeah, that China! But wait, what about the big red communist nation we've all come to know and love? Still thriving! China Loses All Control: Arrests Journalist, Financial Executive Over Market Crash adds to the devaluation and their treasury dumping. If this is our global economic savior I think we're all in a bit of trouble. 

And of course the question we here at STB have been asking for a couple of years at least - What If The "Crash" Is As Rigged As Everything Else? I'll say this, in this Keynesian centrally planned nightmare, if the crash is not engineered then we're really in deep doo doo. 

Third day of turmoil and third different scenario simply adding to the confusion this morning may be an anomaly like yesterday. Once volume catches up they tend to lose control.

Fed Speak is everything over the next few days and weeks. Be ready to react.  Rate hikes and QE4 - I can only assume that with the Fed's recent lack of clarity or direction that confusion will still reign, and that's not a good situation for the markets.



On to the lie -

SPX Daily - Not much of a DCB on this chart. The 5m there is one, but if you are looking for something technical that says this is all over ya better find it somewhere else (Not that technicals matter anyway in this rigged thing they still call a market). I do see clear support area, but that may not matter if the sellers remain in semi-panic mode.
 

Freedom watch - 

Government Spying “Worse than Orwell” -  Current surveillance is far beyond an Orwellian state

More to come below.

Have a good day.

GL and GB!