Friday, November 20, 2015

Morning Charts 11/20/2015 SPX /es

I'm not sure about this and I rarely ever post anything GS says (cause they tell the biggest lies of all), but with the rate hike/QE debate being the only things that moves markets anymore (who cares about terrorism and death and freedom and  ...)  - The Party Is Over: Goldman Sees "Limited Equity Upside" As "Bernanke Put" Is Replaced With "Yellen Call"

On to the lie - 

SPX 15m

SPX 5m - Prolly the most bearish look I can give you, if you think technicals still matter.

SPX 60m - Low volume holiday ramp matches the potential for the inverse head and shoulders to climb withing the rising channel. They had to hold 64 and so far, barring an event, they have. It should not be an easy ramp by any means, but they should manage to lift if that is what they desire.

Freedom watch - Not today. Y'all focus on the weekend and having fun.

More to come below. 

Have a good weekend. 

GL and GB!

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