Tuesday, February 23, 2016

Morning Charts 02/23/2016 SPX /es

MEH on the news this morning. Nothing new or earth shattering. 

On to the lie - 

A few scenarios as I digest this mess. Cases for both bulls and bears. At this time I cant quite commit on overall general direction. Why? We're in the middle of the lower consolidation area which basically has a 120 point range for SPX which is massive. Price is wandering in the desert that is closest to hell and farthest from the promised land. One wrong turn here and poof it's gone. As always though, I remain overall bearish. You don't play with fire and get away with it.

SPX 5m

SPX 15m

SPX Daily - For those looking for one last bull trap to partake in - this IMO would be the most likely scenario.

SPX Monthly - For those fully lost on a bulltard hopium trip - one last move up to set a higher high and complete the great rising wedge will end it all. This case would require massive intervention on a scale never seen before. The daily scenario with a move to 2064 is bully's last best chance.

Freedom watch - 

XFiles finale went full retard eugenics last night, just sayin.

Been telling ya for years - total control is coming. NYTimes Editorial Board Endorses Monetary Fascism - Backs War On Cash

More to come below. 

Have a good day. 

GL and GB!

No comments:

Post a Comment

Keep it civil and respectful to others.