Friday, April 15, 2016

Morning Charts 04/15/2016 SPX /es

This is pretty good - Fed Cornered: Stocks Slump As "Everything Is Awesome" In China: GDP Meets, Rest Of Data Beats. Remember they want worse not better. When things get better then there is no need to ease and raising rates needs to become the norm. Hmmm ... how's that worked out for ya Grandma? 
"Now The Fed has a problem - solid inflation, solid wages, solid jobs, and no global turmoil - we are going to need some turmoil soon or rates are going up."
Gold prices ... rigged! Now way. Say it isn't so. Impossible. 

On to the lie - 

Starting to feel the fear a bit more. Not a slow build this time, more like a lightning bolt shot where everyone went from complacent to rage in a couple of weeks. 

SPX Daily - Resistance.

SPX 30m - OK, I altered the rising blue wedge - hopefully for the last time.

More to come below. 

Havea  good weekend. 

GL and GB!

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