Friday, April 29, 2016

Morning Charts 04/29/2016 SPX /es

Simple - all we can do is wait - Icahn: Markets will have 'a day of reckoning'. When? No one knows, but the bottom line is it will come as sure as the sun rises every day.

On to the lie- 

SPX Daily - Resistance, busted blue wedge support and that nasty daily candle yesterday. Does not look good for bully.

SPX Weekly - I'm gonna try and stick with my hopes of one last dump and pump to set a final weekly neg div and send this thing to its grave in an appropriate technical manner. This is not necessary, but what I'd prefer to see.

More to come below. 

Have a good weekend. 

GL and GB!

No comments:

Post a Comment

Keep it civil and respectful to others.