Morning Charts 12/08/2015 SPX /es

Told ya I was bearish. If they want to protect the dollar they have to sacrifice something. This could really be the start to the final paragraph of this horror story. They can't protect the market and the dollar. They can survive without the market but not the dollar. Fed survival I mean. Screw the country (that's just how ignorantly sick these bastards are). 

Syria is a big deal with US bombing Assad, Turkey moving uninvited troops into Iraq, Russia in the middle with Iran and Iraq supporting Assad, with the US supporting ISIS and the rest of the world trying to eliminate ISIS - you try and untie the knotted mess this is and tell me how you think this is going to turn out?


On to the lie -

SPX 5m - Well with the futures off 22 points this chart's not gonna be much good.

SPX 60m -

SPX Daily - Three consolidation areas. ATH to 2064, 2064 to 1990 and 1990 to 1870. Price appears to have fallen into the mid-range where 2064 will now be resistance (with the 200dma) and your low potentially is 1990. Looks like 100dma is your floor near term at 2033. Watch this number carefully.

Freedom watch -

NSA failure cover up (cause it is impossible for the nanny state to do any wrong) - A Missed Warning? Scanner traffic indicates law enforcement may have investigated San Bernardino shooter Syed Farook a week before the attack.

Of course China's not involved in the cLIEmate summit - China Chokes As Beijing Issues "Red Pollution Alert" For First Time Ever


Christmas quote - "Welcome, Christmas, bring your cheer. Cheer to all Whos far and near. Christmas Day is in our grasp, so long as we have hands to clasp. Christmas Day will always be just as long as we have we. Welcome Christmas while we stand, heart to heart, and hand in hand."


More to come below.

Have a good day.

GL and GB!