Monday, April 11, 2016

Morning Charts 04/11/2016 SPX /es

OK, I'm actually going to refer to a CNBS post this morning, but only cause it covers lots of stuff - Lots to rock the market in the week ahead. You can also see Key U.S. Events In The Coming Week

Were gonna start the week with the "expedited procedures" Fed meeting with Obummer following that up with a surprise sit down with Grandma. All this with the start of earnings upon us and basically total and utter turmoil (being ignored) across the globe. I've been asking, why are they protecting this top? What's up? I guess we're gonna find out soon enough. I'll reiterate - things are really F'd up and right now fear is being managed really well IMHO. I have a feeling that's not gonna last much longer.
On to the lie - 

SPX 30m - It should have rolled over a few weeks ago but Grandma stopped that. Now we're into another rollover situation where all NT and rising support is gone backed by negative divergences all that way up to the daily charts. We got the dip n rip I wanted to set those daily neg divs. Now will they allow them to play out? Possible HnS setting up below. The roll over should be in place and free fall should commence, but with this crowd - you never bet ahead of the Fed - Follow The Fed!

Freedom watch - 

Discussed here before many times, but in case you missed it - you need to know - 28 Blank Pages: Washington’s Cover-Up Of The Saudi Role In The 9/11 Terrorist Attack Continues.

More to come below. 

Have a good day. 

GL and GB!

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