Morning Charts 03/31/2015 SPX /es

This is all you need to know - move along and be a good little sheeple,

"The message the vaunted Fed chair sought to drive home was simple: it wouldn’t matter if the unemployment rate dropped to 1% and inflation expectations spiked above the FOMC’s target overnight - it’s simply too dangerous out there for the Fed to lean hawkish."

On to the lie - 

Charts are an absolute mess right now short term, but the larger charts are somewhat compelling.

SPX  Weekly - the strong resistance point I mentioned yesterday, but the indicators are not confirming (no neg divs). I'm starting to become more bearish but not fully worried about a massive reversal quite yet (Fed = dove). Right now it looks like there may not be a full blown technical agreement (divergences and trendlines together) to this top without either a blow off move up here or a pullback and pop. Of course an 'event' could cause some market panic, don't forget that.

Freedom watch -  

You need to look over this post - Governments Admit that Much of Modern History Has Been Manipulated By False Flag Attacks


More to come below. 

Have a good day. 

GL and GB!

Morning Charts

Late start wed


On to the lie -

Astounding is all I got.  I guess they really wanted that 2064 S/R point.



Freedom watch -



More to come below.

Have a good day.

GL and GB!

Morning Charts 03/29/2016 SPX /es

Well, all we can do is follow the leader, don't fight 'them' or you will lose - today's clue - Futures, Oil Dip On Stronger Dollar Ahead Of "Hawkish" Yellen Speech.

On to the lie - 

SPX Daily - Conditions are almost identical to the November top with this case being even more overbought. No guarantees, but worth noticing. 

Freedom watch - 

You've been warned about this since 2013 - Prominent Hedge Fund Luxor Capital Warns Redeeming Investors Will Be "Gated" After Sharp Losses. To think that it's 'your money' is pretty much ignorant at this time. 

And this should come as no surprise to any of you - Top German Journalist Admits Mainstream Media Is Completely Fake: "We All Lie For The CIA". The alternative media is our only source of truth left, and they will be coming after hot and heavy sooner than later.



More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/28/2016 SPX /es

Back in the saddle. May take a bit for me to get my feet back under me, but I'm here.

On to the lie - 

SPX 60m - Wedge over.

SPX Daily - Still stubbornly hanging on to the possibility of a pullback and then a pop.

Freedom watch - 

Not today - prolly post some links below.


More to come below. 

Have a good day. 

GL and GB

Open Weekend Post Easter Edition

You know the drill, share the love and the knowledge. 

If you see it, share it. I will as well. 

Have a great holiday weekend. 

Happy Easter all. 

Matthew 28:18-20 NIV

 18 Then Jesus came to them and said, “All authority in heaven and on earth has been given to me.19 Therefore go and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit,20 and teaching them to obey everything I have commanded you. And surely I am with you always, to the very end of the age.”

GL and GB!

Morning Charts 03/24/2016 SPX /es

early post


On to the lie - 



Freedom watch - 


More to come below. 

Have a good day. 


GL and GB!

Morning Charts 03/23/2016 SPX /es

Early post.  I hope to get something up but can't promise. I should be around this morning though.




On to the lie -

SPX Daily - Way OB with daily neg divs now forming. 2064 R and more heave R up to 77 in the way. As I'd thought may happen by now but has not - I'd like to see a pullback then another run up to set stronger neg divs on the daily before significant downside comes.
 

 



More to come below.

Have a good day.

GL and GB!

Morning Charts 03/22/2016 SPX /es

Early post - gonna try to get something up this morning but not promising anything.





On to the lie - 





Freedom watch - 








More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/21/2016 SPX /es

early post - odds R that this post will not be much. I will be around this week some. In and out but if things blow up I'll make it a point to get in the saddle..



On to the lie -

Odd are that we head south this week. The party should be over. Will have to see.


Freedom watch -



More to come below.

Have a good day.

GL and GB!

Open Weekend Post 03/19-20/2016

You know the drill, share the love and the knowledge. 

If you see it, share it. I will as well. 



Have a good weekend. 

GL and GB!

Morning Charts 03/18/2016 SPX /es

All sorts of stuff happening today as I send the family off on vacation, and I stay to play in a golf tournament. I'll be in the office this morning - I think, for a bit at least. 

This, ultra high end, was one of the last things to go in 2007 - just saying - Tiffany Slashes Guidance, Sees Q1 Earnings Down As Much As 20%, Three Time Worse Than Consensus

And now we have the Fed moving back to their pre-rate hike confusion stance that served them well from the Bullard bottom to the 2015 top. Confusion is their friend - What Happened Yesterday: Either Something Spooked The Fed Or There Is A "Central Bank Accord". Ah - the best of both worlds. Must be nice to be them -

"This week was a curious time to recalibrate to a far more dovish stance since it has followed clear improvement in labor markets, inflation indicators, and inflationary expectations."  

On to the lie - 

With OPEX out of the way and all the ECB and FOMC news behind us, maybe the bears can get back involved here. I'm finally starting to lean a bit to the bear side. Really still stubbornly looking for a pullback to double top to set a nice neg div on the daily chart before any real downside action begins. Course it should just fall off a cliff, but the Fed's kind of got that doveish mojo going right now which the more experienced bears know not to mess with. 

SPX Daily - The Island Gap is closed! That's a big deal technically and some of the last business the charts had to do up here - now can we get on with the collapse? I hope so, but that doveish stance is still an issue. 2064 resistance is their next bogey if they can get it there. 

 
More to come below. 

Have a good weekend. 

GL and GB!

Morning Charts 03/17/2016 SPX /es

OK, we should be entering one of those dead times for the market. Japan, China, ECB and the Fed have fired every bit of ammo they got, there are no shorts left to squeeze, the markets are overbought and negative divergences are all over the 60m and under charts. They've averted disaster once again and price is at an acceptable level. Upwards momentum should be thwarted making ramps from here more difficult to pull off (but not impossible in their rigged POS market). It should be much easier to fall than rise from this point.

On to the lie - 

OK, I've been good marking the wedge and it's multiple reformations. It appears the blue wedge below is the final version and it has apparently finally completed. The last thing that I've wanted is for a pullback and then a pop to possibly set a double top and negative divergences on the daily chart. I've been laying out that scenario for a couple of weeks now. 

SPX 60m - for your future reference you can go back over the past month of posts to see how this black wedge formed and morphed and finalized - it would be a good tutorial for most learning charting. It's one of the best I've done in my years on the blog.

SPX Daily- 

SPX 60m - Support and Resistance areas - 

Freedom watch - 

Nothing today here.

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/16/2016 SPX /es

Early post - Late start Wednesday as usual. I'll get a chart up before the open. FOMC so I'm not sure any chart will matter. 


On to the lie - 

As usual when we go into a consolidation period I slack a bit on updating charts. I'll start updating some of them today to get the chartbook up to date. 

SPX 5m - 

Freedom watch - 

Interesting - The Blurry Line between ‘Us’ and ‘Them’: a Review of New Book, ‘ISIS IS US’, by Washington’s Blog and Other Authors



More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/15/2016 SPX /es

Waiting on the Fed as the ECB mania falters (as expected) and Japan throws a dud. 

As you eagerly await the Fed and have little else to do why don't you run over to ESPN and fill out a bracket (or 5) for the STB NCAA challenge!




On to the lie - 

SPX 5m - Consolidation and a bit of a retreat from a way overbought market. 1990 is solid support just under the round number.

Freedom watch - 

Nothing today.


More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/14/2016 SPX /es

Since there is nothing to do for the next three days other than wait on the Fed as price gets stuck and consolidates why not do something productive and join Shankys NCAA tournament challenge!

Two relevant posts this morning that discuss how irrelevant everything is - Central Bank Rally Fizzles: Equity Futures Lower As Attention Turns To "Hawkish Fed" Risk  and   

"We're One Hawkish Fed Statement Away" From A "Sharp Re-Pricing," Deutsche Bank Warns.


Onto the lie - 

And since we're in stall mode waiting on the Fed only one chart this AM. 

SPX 15m - 

 
Freedom watch - 




More to come below. 

Have a good week. 

GL and GB!

Open Weekend Post 03/12-13/2016

You know the drill, share the love and the knowledge. 

If you see it, share it. I will as well. 

The STB NCAA Tourney Bracket should be up Monday. Make sure to get an entry or four in.

Have a good weekend. 

GL and GB!

Morning Charts 03/11/2016 SPX /es

Y'all figure it out. My time and patience for this travesty is running more than thin.
On to the lie - 

SPX 30m - Whatever. I'll get into this mess below when I've calmed down a bit. The main thing to notice is all the gaps around this 1990 level. I think this will be the 5th or 6th? All that equates to a major battle at a major number (and bully shot its wad getting to this point plus failed with a bazooka shot yesterday for a breakout - I guess this morning is act two?)

 
Freedom watch - 

Not on a Friday. 


More to come below. 

Have a good weekend. 

GL and GB!

Morning Charts 03/10/2016 SPX /es

Well .... Draghi Delivers The Bazooka: ECB Announces Surprise Refi, Marginal Rate Cuts; Boosts QE To €80BN, Adds IG Bonds. What were you expecting - a dud? I guess my non-bear stance has been vindicated. Screw reality - till it matters. Note - this is most likely their last bullet (and it will prove to be useless in the end).
On to the lie - 

Well, "Maybe they gap it up thru R in the AM? Not sure, just seems like a logical guess based on position".

When will enough be enough? Not sure, but we're getting close. I'll have to digest this move and the charts to see what they say. Remember I don't think the ECB moves have real substance and have been short lived rallies in the past. the shorts go slaughtered into this as they should have been, we all pretty much knew this was coming. My only question is when does the Fed ease again? They will at the last desperate moment. More pressing will be the next FOMC and what sort of news they generate. This may take some of the luster off this pop. 

SPX  5m - The end of the wedge and this pop change things somewhat technically. I wanted a dip and pop to set a neg div on the daily chart to end this overbought nightmare. This is a bit quick. I wanted a slightly deeper and bit longer in time move, but this may be it. I'll be retreating into digestion mode today.

 

Freedom watch - 

Wait, didn't the Sauds finance another very high profile event .... Missing Clinton E-Mail Claims Saudis Financed Benghazi Attacks. 

And you need to be aware of this - the greatest global disaster ever just sits there poisoning the planet. Maybe if we don't look at it or acknowledge it, it will just go away - Fukushima's ground zero: No place for man or robot.



More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/09/2016

Late start we'd for the LS's so no commentary.


On to the lie -

S&P Futures Jump As Rebound In Commodities Helps Defense Of Key Support Trendline

SPX 30m - Well, on cash that TL is long gone and the 1990 resistance area is proving to be a tough nut to crack. 

SPX 5m - 

Freedom watch -

And it's not Sheriff Arpaio - Sheriff Babeu: Obama has ‘handcuffed’ Border Patrol - this is disgusting.


More to come below.

Have a good day.

GL and GB!

Morning Charts 03/08/2016 SPX /es

Waiting on the ECB and whatever other crud they throw at the wall to see what sticks. Fed speak is back in play which is dangerous to both sides. It's an unusual spot for them to get involved as we're not 'needing' a manufactured intervened bottom. The strange part is the market is topping, so why the push or intervention here? It is to save the round numbers and the current support levels? Are these points so important they must hold them - at a top? Well, given the elevator shaft below this support that may be a good idea.
On to the lie - 

I don't think any commentary is necessary this morning. "The US equity market has only been more overbought 3 days in history..." Then again, does history even matter anymore? 

SPX 15m - 

Freedom watch -  

The Danger Of Media Blackout -

"Therefore, whenever we observe a nation (or nations) creating a media blackout, we can be assured of two things.

First, the nation has, at some point, been taken over (either through election, appointment, or a combination of the two) by leaders who are a danger to the citizenry and are now so entrenched that they have little opposition from those remaining few higher-ups who would prefer sanity.

Second, the sociopathic goals of those in power are a clear and present danger to the peace and well-being of the population."

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/07/2016 SPX /es

OK, given the source you must approach this post with skepticism, no not ZH but Lord Rothschild - "We're In The Eye Of The Storm" Rothschild Fears "Daunting Litany" Of Problems Ahead. What's truth and what's a carrot are what we must decipher. I have a suspicion there is a huge hint in there and it may be so in your face you miss it or are afraid to internalize it. 

Draghi this week and the ECB, so we must remain patient.

On to the lie - 

Gonna be sad to see the wedge go (if it's going). 

SPX 5m - The top end of the wedge. Negative divergences abound.

SPX 30m - Once a wedge this large overthrows the top resistance (especially at strong 1990 support resistance point and at a double 61% retacement point it's usually a pretty good sign a reversal is overdue.

SPX Daily - 

Freedom watch - 

Ever wonder why we can't get ahead in the middle east of why we can't stop anything happening in Turkey? U.S. Supplies ISIS through Turkey




More to come below. 

Have a good week. 

GL and GB!

Open Weekend Post 03/05-06/2016

You know the drill,share the love and the knowledge. 

If you see it, share it. I will as well. 

Have a good weekend. 

GL and GB!

Morning Charts 03/04/2016 SPX /es

What makes sense in investing these days should be enough to scare you out of the markets for a long time - Why The Bulls Are Hoping For A Weak Jobs Number.

On to the lie - 

SPX 30m - Completed wedge at major resistance with short term neg divs screams near term top if not more. Ah, alas moar is the operative word with a new context.

SPX 60m - If the Fed can take out this resistance point it opens the door for a run to 2050 to 64.

Freedom watch - 

Not on a Friday


More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/03/2016 SPX /es

MEH on the news this morning. Nothing you don't know already.

On to the lie - 

Neg divs building on the short term charts, but that daily chart below is only beginning to show signs of being overbought. The black wedge is playing out. It is either rolling over as seen in the 5 and 15m chart and is topping, or it is about to break to the 1990, round number resistance or the 100dma and overthrow the near term resistance and create a very overbought short term situation. Either way in it's current form it is working towards a top if it is not here. I can see topping scenarios that run from here all the way up to 2064.

As noted, for some reason this permabear is not feeling any serious downside here (although that can happen at a moments notice). The call for MOAR has been made and the threat of moar is lingering. For this reason the shorts have been slaughtered and the markets keep rising. Trust me, its not because of 'fundamentals' cause were back into the bad=good scenario. 

Right now I'm actually leaning towards a pullback to something like 1920 and then moar strength. Crazy, I know. That's just where I am. I think bully's got the ball again and team manipulation is running trick play after trick play legal or not right now. 1960 - 58 is key support here.

SPX 5m - 

SPX 15m - 

SPX 30m - 

SPX Daily - 

Freedom watch -

How The U.S. Government And HSBC Teamed Up To Hide The Truth From A Pennsylvania Couple

"Big banks and the U.S. government are simply 100% in bed together. Constantly scheming to prevent citizens from learning the truth."

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/02/2016 SPX /es

Well, who coulda known? "We're In Trouble": Alan Greenspan Delivers Stark Warning. And the best line form this post -

"Now if only he hadn't gotten us into this mess in the first place..."

What happens when you combine central planning and a fascist regime that wants to destroy the nation? 

 "No child (or student, or poor person, or grandchild, or debtholder, or healthy person, or retiree, or African American, or family, or homeowner, or renter) left behind untouched...

Now that is a legacy."

And from Furious Rally Fizzles Overnight As Futures Follow Oil Lower - We've been talking about the return of Bad=Good and the return of massive trickeration - remember bad=good and good=bad. If ur confused, NBD, like I always say, check your brain at the door each and every morning. It will only get in the way.

'Following yesterday's torrid 2.4% March opening rally, which resulted in the biggest S&P gain since January and the best first day of March in history on what was initially seen as very bad news, and then reinterpreted as great news, overnight futures have taken a breather, and erased a modest overnight continuation rally to track the price of oil lower.'

On to the lie -   

SPX 15m - Well, I wanted to short it late yesterday. I still want to see a turn before I really commit to the dark side. this chart continues to work really well. S at 62, 45 and 20.

Freedom watch -

Look, if ur not on board with this I get it, but you really need to check the facts. This is not over and should not be until we get the answers we deserve - More Sandy Hook Unanswered Puzzles. I'm pretty sure the blog ill get flagged somehow for posting this one. 


More to come below.

Have a good day.

GL and GB!

Morning Charts 03/01/2016 SPX /es

MEH on the news this morning. 

I voted.



On to the lie -

SPX 15m - It's rare (these days) you get a formation that works so well or predictably for a couple of weeks. The last month gave us two formations that flowed and worked as a technician could only wish for. Falling blue channel to a way OS position that rallied into a morphing (4x) rising black wedge. Technically, the rising black wedge could be considered completed. Dare I call another pop and poop moment? I'm not sure about that. There is a bit too much confusion right now. That combined with the return of Bad=Good and price safely in the middle of the lower third consolidation area, the Fed is prolly pretty happy with the location of price now. So consolidation and maybe a slow breakdown of the wedge may come as the week plays out. Price could continue to drift up to 1990 resistance inside the wedge. Right now I'm not seeing anything that cries out for action in either direction. As for that interesting moment I considered yesterday at the open this morning, well ... they took care of that wedge support issue nicely. 

 


Freedom watch -

The Two-Party Illusion

Meet the Bogus Technology the Government Will Use to Frame You



More to come below. 

Have a good day. 

GL and GB!