Monday, October 12, 2015

Morning Charts 10/12/2015 SPX /es

This frames things well - Chinese Stocks Rally On Confusion Whether PBOC Finally Launched QE; US Futures Flat In Holiday Mode

On to the lie - 

SPX 5m - Not much else to look at.  Next resistance around 45 then 64. Anything over 31 (STB bull/bear line) brings the odds of another new ATH seriously into the discussion. I'm not so sure about that, but past performance and trends would highly suggest such. I like 64 area as the max at this time.

Freedom watch - 

Really? Nanny state controlling your thought and conscience for you (whether you like it or not) - Connecticut school district bans Halloween to accommodate ‘cultural beliefs’

More to come below. 

Have a good week. 

GL and GB!

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