Wednesday, January 6, 2016

Morning Charts 01/06/2016 SPX /es

The global dance/charade is losing its mojo. Dow Futures Plunge 170 Points After Yuan Crashes To 5-Year Lows As PBOC Loses Control.  When they stop coordinating and go into protectionism mode the unraveling is going to be tremendous. Currency wars, oil wars, immigration dumping, all sorts of stuff that's been going down that's been kept under wraps - the cumulative effect of it all could be about to unwind.

On to the lie - 

SPX 60m - Gonna test 1990 support at the open again it looks like. Did not like the failure yesterday when they corrected what should have been a gap down open to a gap up open, and then they could not push thru the 2020 resistance.

Freedom watch - 

LOL - New Gallup Poll – Americans Consider Government A Much Bigger Problem Than Guns

More to come below. 

Have a good day. 

GL and GB!

No comments:

Post a Comment

Keep it civil and respectful to others.