Tuesday, November 3, 2015

Morning Charts 11/03/2015 SPX /es

Your modern market in a nutshell - this is about all you need to understand - A Brief History Of Crime: How The Fed Became The Undemocratic, Corrupt & Destructive Force It Is Today

On to the lie - 

SPX 60m - Readjusted my rising wedge. It completed yesterday with the doji. You can clearly see the breakout over the old completed wedge at the blue dashed resistance diagonal. The gap up and backtest tell me I was spot on with that diagonal. Alas, this is not our father's market. The potential IHnS I pointed out a couple of weeks ago (target 2150ish) may or may not be playing out. I don't like it. I do like a pullback and an even larger rising wedge to form. This is a standard move for them to lower the support diagonal of the wedge, thus extending it's life/range to go higher. Maybe a pullback to 2040 - 2020 to backtest the IHnS neckline area and then the Xmas ramp? Will have to see, but that would be my vote here if they can't ramp this overbought situation from here.

 Freedom watch - 

Nah there is no insider trading. Somebody is faster tahn the speed of light. FED "No Taper" News Leak of September 18, 2013

Cause you should hear this. Furthering yesterday's link - entitlement state collapse, destruction of culture, wealth redistribution - Barbarians Inside the Gates? UN Offers Solution to Problem It Created 

And watch this, very important - they are starting to fast track their plans for your governance - REVEALED: Blueprint For Global Governance Now Explicitly Stated

More to come below. 

Have a good day. 

GL and GB!

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