On to the lie -
SPX 30m - Resistance goes down this morning and the consolidation ends (for now). Could this just be an overthrow of resistance and a set up for more downside? I'm not so sure about that right now. More downside is to come, but I have a feeling that we're getting ready to find the ceiling (possibly as high as 2062) to what I think will become an even larger consolidation area. News, news, news, that's all that matters. Things are quiet for now. They have everyone lulled to sleep again questioning another run at glory that the greedy ones simply can't ignore or pass up. Alas, this will pass and the nerves and fear that's subsided will reappear sooner than later. See Global Equity Index Hanging On Lower Precipice for a good chart that technically sets up the coming consolidation and top (or fail). Another great technical point for the markets to shit the bed will be pissed on by the Fed, CME and Citadel this morning.
Freedom watch -
The Patriot Act sucks, and it's end game scenario will be placing your grandchildren in a police state possibly worse than you could find in any Orwell book. "Give Me Liberty Or Give Me Death": The Loss Of Our Freedoms In The Wake Of 9/11
More to come below.
Have a good day.
GL and GB!
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