Morning Charts 01/08/2016 SPX /es

China this, China that, Get used to it. Everything is decaying, rotting, coming undone. The veil is about to be lifted and what was thought to be beautiful and peaceful will be revealed to be quite different. Reality sucks, so we chose to create our own in our minds avoiding the truth. Well, I hate to tell you that truth is a real bitch and she's coming.

On to the lie - 

SPX Daily - OK, this kinda sucks, but the charts really say little to me at this time. Maybe I'm missing something, maybe not. When dealing with corrupt markets this should be expected. Also if you go back to the last two great tops, when markets collapse little form will be found initially. More below if you have any questions on S and R and how difficult it is to time turns in a collapsing market with a PPT in play. 

Right now I'm looking to see if they can backtest 1990 and what happens there. If they can't then 1871 is the next big support.

  Freedom watch - 

Not on a Friday.


More to come below. 

Have a good day. 

GL and GB!