Thursday, October 22, 2015

Morning Charts 10/22/2015 SPX /es

Draghi, moar? That's all that matters. Remember the only QE that matters will be that from the Fed and not really anyone else. IMO any pop or hope rally will most likely be short lived. This is a band-aid. They need tourniquets and transfusions (and those won't even work). 

Worth a look - this is from yesterday so you may have seen it already - reality, if you can handle it - If Caterpillar's Data Is Right, This Is A Global Industrial Depression

On to the lie - 

SPX Daily - One of the resistance points that I've been looking at for a while. Actually a triple resistance point (blue, red and the 100dma). Another thing that does not bode too well for the index is the coming 20/50 dma bull cross. Take a look back through the chart and you'll find this cross foreshadows some good corrections. 

SPX 15m

SPX 5m

Freedom watch -

America Looks A Lot Like Nazi Germany Did Just Prior To World War II. Well, it really does. If you will take the time to take your blinders off and open up to reality this is painfully clear to see.

A GS lie missed forecast would be nothing new - Goldman Is Getting Nervous: "There Are Significant Risks To Our Forecast For Gold Price Weakness"

More to come below. 

Have a good day. 

GL and GB!

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