Wednesday, January 13, 2016

Morning Charts 01/13/2016 SPX /es

OK, let me put it this way China Trade Balance Surges As Exports Surprise To The Upside but Chinese Shipyards "Vanish" As Baltic Dry Collapses To New Record Low.... wait ... so all is well, but it isn't? Wait ... how can .... never mind ... welcome to the new normal. 

On to the lie -

SPX 5m - Closed at somewhat of a resistance point, but that looks to be not a problem this morning. Yesterday I was discussing the 5m 100ma turning from resistance to support as a possible directional change may be happening (don't get too excited). That small HnS is having a RS ramp now. The green shaded areas are S/R and both triple fib confluence areas. 

Freedom watch -

Is it over? I guess so and thank goodness, at this time, we never have to hear him give another one of those. Please Lord, let it be the last. Amen. 

More to come below.

Have a good day.

GL and GB!

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