Morning Charts 02/18/2016 SPX /es

It ain't gonna last - Biggest Short Squeeze In 7 Years Continues After Bullard Hints At More QE, OECD Cuts Global Forecasts. Life would be so dull without these Bullard and Hilsenrath 'moments'. I said "never" on rate hikes before, then if they did they would not last long - well ... Bullard Admits It's "Unwise" To Continue Rate Hikes, Says "If Needed" Will Do More QE.

As for my past thought on Oil breaking out with the next war - these spikes may be the precursor/front running of such a war. Erdogan is a complete idiot and he's got a whole bunch of boneheads following him (mainly our bonehead potus who must have a war to have any legacy).
 
On to the lie - 

Both below lead to lower highs with potential for larger breakdowns. 

SPX Daily - I'll just pay attention to that falling megaphone pattern till it all falls apart. 

DOW Daily - there is a potential large falling triangle that stands out here a bit more than on the SPX. Also another HnS situation exists here. A HnS inside a falling triangle is really not a good situation.

Freedom watch - 

Sheepishly written, could be a lot better. The Case For Outlawing Cash


More to come below. 

Have a good day. 

GL and GB!