Friday, February 5, 2016

Morning Charts 02/05/2016 SPX /es

Not gonna comment on this train wreck this morning.

On to the lie -

SPX 60m - Well, back on Tuesday I speculated we'd settle in between 1900 and 1920 for a few days. Other than a few brief excursions above and below those numbers price has managed to close in that range the last two days. Maybe that first black wedge was not enough and Team Manipulation has managed to enlarge that pattern. Bottom line is they need that red channel to stay and work as a base channel so the market will go up. If that black wedge works, well, look out below. What's the difference? Can they get the market to buy that MOAR still works.

SPX 5m - there is a potential IHnS there. 

More to come below.

Have a good weekend.

GL and GB!

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