Wednesday, October 21, 2015

Morning Charts 10/21/2015 SPX /es


Another must read - Confusion, Delusions, & Illusions

"Telling people the truth today is meaningless, as they don’t want their illusions destroyed."

On to the lie - 

SPX 15m - Popping at wedge support. I suspected a pop before a drop late yesterday. Let's see what happens today. Upper black channel resistance driving into lower wedge support making a triangle of double pattern R and S which can be a very powerful technical situation. Two formations coming together - which one wins? Neg divs and overthrows. They can pop it - it is their market, but the next fall should not be pretty.

SPX 5m -  I adjusted the blue support to reflect the position on the 15m chart. The pop this morning will set another overthrow on this chart. 

Freedom watch - 

Pretty much a must read - nothing new for long time STB readers, just more confirmation of where I've consistently been for the last 6 years and more of a reason to work your way off the grid and prepare - Things Are Getting Scary: Global Police, Precrime and the War on Domestic ‘Extremists’

More to come below. 

Have a good day. 

GL and GB!

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