Morning Charts 08/27/2015 SPX /es

China is under control! All is well! Y'all come back and throw all your money in as fast as you can! Who cares if China is gonna liquidate treasuries. That means nothing in the long or short term. 

I'm not quite sure what's going on data wise with the Fed and all. Who knows what picture they want to paint to lead you down whatever wrong path they decide to take this time. You can see ZH and try and figure out how or why they are insisting on painting a picture where a rate hike will prolly become mandatory despite reality.


On to the lie - 

SPX Daily - Reversal candle or just some sort of retracement? 1967 is the 38% retrace and 2032 is 61%. The 67 - 80 area is forst real resistance.

SPX 5m - I would have preferred the busted resistance have been backtested before the breakout, but .....

Freedom watch - 

How screwed up are things? See this site.

More to come below. 

Have a good day. 

GL and GB!