Morning Charts 05/31/2016. SPX /es

Early post

Memorial Day 2016

Please remember those that serve, served and their families. Freedom is precious and something not to be taken for granted. 

No rant this year. Feel free to search for an older memorial day post if you like. Some were rater harsh. Ah, the good 'ol STB days. 

Have a great holiday. 

GL and GB!

Open Weekend Post 05/28-29/2016

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 05/27/2016 SPX /es

early post and possibly the only post. 8th grade breakfast this morning. Have no clue when I'll be in.

If I get in I'll get something up. If not you'll get something below for sure.


More to come below.

Have a good weekend.

GL and GB!

Morning charts 05/26/2016 SPX /es

Fed speak later today. 

This one has my head spinning a bit - "Dovish" Fed Expectations Collapse To Lowest Since 2015. This adds to my upside down stance where I've been for a month or so - everything should collapse but it isn't for whatever reason.  

On to the lie - 

SC not accepting updates to charts right now - may be a Java problem on my end. I'll try and get up some more charts below. Let me know if u want levels.

SPX Daily - 

Freedom watch - 

It's that bad - Least Transparent Ever - The Truth About Obama's Liberal Potemkin Village



More to come below. 

Have a good day. 

GL and GB!

Morning Charts 05/25/2016 SPX /es

Ah, exam week for the LS's. LS2 completes middle school today - OH WHAT A JOY that is. LS1 still has 2 more exams. Just learned that I have a breakfast to attend Friday, so Ill be late then as well. This takes us into the STB summer schedule that will start next week. Usually in the summer I get the posts done at night and roll in whenever in the mornings. I'd prefer to have the futures to cheat off of and other things that pop up in the mornings, so I'll try and be a bit less of a sleepy head and get some morning posts up. 

when the big money stops spending, everything grinds to a halt - to me this was a significant top marker in '08 - Tiffany Shares Slide After Biggest Sales Drop In 6 Quarters, EPS Miss, Guidance Cut.

On to the lie - 

SPX 60m - Larger HnS is in the RS now, if it is in play - target is in black.

 
SPX 15m - Gonna blow thru some neg divs at the open. Over 1085 and that's a higher high. Really screwy price action - not sure how many bears there were to stick it to. I'm assuming not that many, which leads me to believe this rally will fizzle sooner than later.

Freedom watch - 

She's a fucking elite criminal and half of the country is dying to have her as president - the end is closer than you think - Here's The Full List Of Organizations That Paid Hillary Clinton From 2013-2015 and if you don't know about Vince Foster (or the other 47 deaths associated with this evil psychopath) you should.    


More to come below. 

Have a good day. 

GL and GB!

Morning Charts 05/24/2016 SPX /es

And they somehow maintain control over price? Must be nice to be in total control - The Fed's Loss Of Credibility Is Real: This Is What It Looks Like. 

"Which raises the question, “why tighten now?” Inflation below target, but too many jobs being created seems an odd rationale after so many lean years.

With equities still hovering near all-time highs despite earnings being suspect, and global trade under attack, it’s hard to argue anything priced in.

What cost are they prepared to pay to give banks better net-interest-margins?"

On to the lie - 
 
SPX 15m - Well, last week I was all over consolidation and Black resistance and Blue support. Other than that brief moment of insanity when price dipped to 25, they are hanging in there not allowing price to fall as it should be. The pop this morning should keep price under Black resistance - can the bears keep it there is the question. 2064 s/r is tr really big number to watch to the upside. The large HnS is still in play and should not be discounted.

 
SPX Weekly - It's really clear what the Fed is fighting here as price consolidates above MA support and under critical Black resistance diagonal and 2064. They are fighting to stop the next leg down (and it would be a big one). So they went hawkish? At this point? Balsy! Funny, that big ass HnS everyone is looking at is that tiny little area making that top at resistance here. Looks a lot bigger elsewhere. That's OK you can see an even bigger one here - that's what scares the Fed.

Freedom watch - 

We're doomed. 




More to come below. 

Have a good day. 

GL and GB!

Morning Charts 05/23/2016 SPX /es

early post. I have a board meeting this morning so no post. I'll be in around 10 I guess. I'll get on it then and put up some charts below.

5 and 15m charts are good right now. Weekly ma support and 64 resistance should remain the band. Daily pos divs showing up. HnS possibility still in play. Anything above 64 and bully may break out of the nt channel down.

Have a good week.

GL and GB!

Open Weekend Post 05/21 - 22/2016

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 05/20/2016 SPX /es

Well, you're on your own today. I'll have time here and there to check in, but that's about it. 

On to the lie - 

SPX 15m - Tough spot - not sure what the futures will hold at this time. Backtest busted support and neckline and fail or can a hawkish Fed do the impossible and push back thru resistance?

Y'all have a good weekend. 

OWP will be up at 4:00 

GL and GB!

Morning Charts 05/19/2016 SPX /es

Well, they are stubborn SOB's - Global Stocks Slide, S&P Set To Open Red For The Year As Hawkish Fed Ignites "Risk Off". I'm not really sure what they are trying to do destroy the nation and enslave us all, but it's their game, their market, their money. The good thing is that jobless clams are terrible, the Fed goes risk off, markets just busted critical support with a massive HnS formation above - and futures are basically flat. Go figure.

On to the lie - 

Well, someone here has been looking at 1575 as a real target in a major breakdown for over a year now. Nice of the experts to finally catch up. It's not rocket science. Why the S&P 500 could sink to 1573.


SPX 15m - Let's see if my black R to blue S holds up. Descending triangle and HnS breakdown on verge - 'they' better do something fast.

 
Freedom watch -


More to come below. 

Have a good day. 

GL and GB!

Morning Charts 05/18/2016

FOMC day! Oh joy!


On to the lie -

SPX 60m - Well, can the bears pull it off on an FOMC day? 

Freedom watch -

Religious freedom - Nearly 100 schoolchildren 'possessed by the devil' have 'contagious visions' of man in black trying to kill them




More to come below.

Have a good day.

GL and GB!

Morning Charts 05/17/2016 SPX /es

How does “One Big Worldwide Bubble”: Cusp of 30-Year Bear Market in Stocks and Bonds sound? #=notgood would be an appropriate and modern response. 

"“The whole idea you buy stocks and hold them for 30 years was never correct. … The typical investor should be out of stocks and out of bonds and wait for a crisis, and buy during a crisis.”

Maybe this is why one of the shrewdest billionaire investors ever has done this - Soros Makes Gold His Largest Holding As He Cuts Equity Exposure To Lowest Since 2013, Doubles S&P Puts. 

Time is no longer on your side - if you have not taken my rants and nuttiness over the past seven years seriously, maybe you need to reconsider your ignorance is bliss stance. This is not hard - you did not take common core math. You took real math, and the way things add up there is only one outcome.
On to the lie - 

SPX 15m - 2064. The number I thought would possibly end the run off 1810 low. The last S/R point before another ATH. The number that defines the cliff keeping price on the mountain and precariously above the abyss. The number that was only achieved by Fed intervention (via well timed 'news' or Fed speak) twice to keep this rally alive when the market should have rolled over and reversed.

SPX 60m - I'm positive I don't need to recount the wedge and rollover. There it is, the big ass Head and Shoulders. Well, I've seen it coming for weeks, you see it, "THEY" see it ... and "their" seeing it is the problem. This thing is primed to shit the bed.

 

SPX 60m - Good look at the HnS on the right. Better look at the three consolidation areas I've been pointing out for over a year now. Here is a great look at what "they" are protecting against. 2020 and 1990 are gonna be key battlegrounds if this thing lets go - or else that lowest black support diagonal should come into play.

 
Freedom watch - 

Well, tell us something we do not already know - must read for those in denial - "We're Running A F**king Casino" Congressman Admits DC Is A "Sinkhole Of Leeches"

"“Voters are incredibly ignorant. It’s far easier than you think to manipulate a nation of naive, self-absorbed sheep who crave instant gratification . . .,” vents Congressman X.

He says money “corrupts” and House members are “puppets” to lobbyists who bankroll their campaigns."

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 05/16/2016 SPX /es

I used to just go ballistic on Greece, the debt and how they are only a conduit (at everyone but the TBTJ's expense) to flow money from the US taxpayer to the BIS and IMF without being exposed. It's not worth bitching about anymore because it's so far gone, so far ridiculous, so criminal that it's gone beyond comprehension - Pure Troika Idiocy - The Greek Debt Slavery Regime Through 2059

As for the rest of the bad news, it's getting to diverse and abundant for me to even attempt to cover it here.
On to the lie - 

Well, someone here has been on this larger HnS formation for weeks now. Nice to be ahead of the game with STB!  Did anyone see the HnS the 'experts' are pointing out now in What's Next For Apple And The S&P: This Is What The Charts Say. 

The "Our take" last two paragraphs of this post are really good. What have I been saying? They can't let it fail, but they don't have the power to lift.

"Our take: now that everyone is suddenly turning bearish, especially recent cheerleader Goldman warning of a "big drop" in the days ahead (not to mention Gartman) and chartists seeing sharp downside (not just BofA but UBS recently as well), expect another major round of substantial jawboning from central bankers who can not afford a downward inflection point in the market at this point, especially now that China's record loan growth has suddenly ground to a halt.

How this may manifest itself is through a few sharp days of "forced buy-ins", leading to a spike among the most shorted stocks in the days ahead, although now that the weak hands have all covered, it will be far more difficult to unleash the kind of record squeeze that pushed the S&P500 from its February lows of 1820 to just shy of new all time highs."

SPX 30m - What, we've been discussing this setup, the rollover and much more for month's now. 

SPX Daily - Rising wedge (reformed 5 or 6 times) to resistance to breakdown and rollover blah, blah, blah - we've nailed this thing for months - now the only question is - What do they do now? We can all see and know precisely what SHOULD happen, but it's their game, they make the rules, they control all. Sadly my latest financial timing models are all becoming based on whether the government is ready for complete economic failure, complete takeover, to fight the coming revolt; and they are not - so they can't let it crash yet. This is not saying they can't survive a major dip to 1575 or down to 1810 again. As usual let's walk this thing down and not get overly doom and gloomish quite yet.

 
Freedom watch - 

The Orwellian nightmare continues to be exposed - 'exposed' because it's in place and you just don't know it - FBI Agents Busted For Planting Hidden Surveillance Microphones In Public Places


More to come below. 

Have a good week. 

GL and GB!

Open Weekend Post 05/14-15/2016

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 05/13/2016 SPX /es

Friday the 13th - no need to fear anything, cause the nanny state and the Fed will simply mandate that all will be well. 


On to the lie - 

Well, I've been looking at 1575 as an initial SPX breakdown target for months now, why bother splitting hairs - Gundlach: "I See The S&P Going To 1600", Bashes Hillary Clinton

SPX Weekly - 1575 is pretty elementary target being closest to the prior two SPX tops and the 38% retracement off the 667 low.

SPX Daily - 

SPX 30m - And the old HnS, IHnS, up, down, sideways issue and the current rollover situation - 

 
More to come below. 

Have a good weekend. 

GL and GB!

Morning Charts 05/12/2016 SPX /es

Just read this and try not to throw up - A Central Banker Officially Loses It: "We Are Magic People". All I got is that the people behind the curtain pulling levers and pushing buttons are even less stable than we could imagine.

On to the lie - 

SPX 60m - Well, my fear was the higher high (2084). They pulled it back to the 68 level and then 64 yesterday, and here we are popping off that major S/R number. They don't want to lose this point. I'm kinda in a quandary on calling this thing right now. Price is simply at one of those points where up down or sideways are all possible. Bottom line is 'they' are desperate, they will defend, they are in real danger, they can't lift, they can only levitate. From now on price is permanently of the edge of collapse. I've discussed the end of the wedge, OB situation, the rollover, the more recent potential HnS - It's their game, and it's quite possible they are about to lose control.

Freedom watch - 

Believe 'em if you want to - White House Denies it Duped Media to Sell Iran Nuclear Deal ....State Department Promises to Look Into “Glitch” of Erased Part of Video


 
More to come below. 

Have a good day. 

GL and GB!

Morning Charts 05/11/2016 SPX /es

It is what it is.

On to the lie -

I'll get some more charts out below. 

SPX 60m - ya think they wanted to make a statement yesterday? First the open and moning candle to blow thru 64 then all the way to the end to take out that upper red channel resistance. Now that's pure power. Oh, and may I ask why? What was the catalyst again?

Freedom watch -

Truth - and these people are just getting started - American Horror Story: The Shameful Truth About The Government's Secret Experiments



More to come below.

Have a good day.

GL and GB!

Morning Charts 5/10/2016 SPX /es

The end WILL come, I promise. It's just a matter of how long 'they' can keep the lipstick on the pig - We Need A Complete System Overhaul: 5 Charts That Blow Up The Status Quo.


On to the lie - 

SPX Daily - Friday I speculated that we'd have a directional change cause OS conditions, the 50 dma and lower BB support, and coming opex. They'd also still be attempting to protect the 64 level. Then yesterday we got the news we'd have a quiet news week which 'they' usually take to their advantage. Not we get another surprise or potential Yentervention. Oh Joy!

SPX 15m - With all my talk about HnS's all over the place, why not have a potential IHnS (or two) rear it's head? And coming off the support and to take back 64 as mentioned above! NBD, I've been looking at several HnS scenarios that need a RS to make an even larger bear pattern with a retracement up to say the 75-80 area. On top of that most know I've been looking for a drop-n-pop to finally set the neg divs on the weekly chart so we can just get on with this coming collapse.

SPX 5m - The breakdown of the black triangle to the falling blue wedge that broke down and had an underthrow, then backtesting busted black triangle support (that tough spot I was talking about yesterday) and now preparing to blow up thru that resistance and possibly gap thru 64 at the open - the almost always gap major S or R - it's the easiest way thru the opposition. Both bully and Bears don't need be gettin all frothy quite yet. Price is still in a contentious spot.

 
Freedom watch - 

Freedom! LOL. Caught On Tape: This Is What Happened When An MEP Tried To Read The TTIP Text



More to come below. 

Have a good day. 

GL and GB!

Morning Charts 05/09/2016

Not much to say up here that the usual doom and gloom reports. You can go find all of those ur little heart desires, but nothing market shattering.

On to the lie -

OK, tough spot for price and the PTB. We got a situation with major resistance, little support, a market that is trying very hard to roll over, but a major player controlling price that can't let their lies/failures be known. 

SPX 60m - Either the PTB wins or a pretty big dump is coming. I've been discussing HnS fomations for a couple of weeks now that have played out and are still in formation. If you look under the 2064 s/r line here you can make out two shoulders (R still in formation) and the head at 2011. You can clearly see the rising blue wedge end and breakdown as the rollover is apparently in play. Everything points down here except for the ST pos divs that exists on all the ST charts.

SPX Daily - Resistance, wedge ends, rollover, HnS - pretty common themes you've heard me discussing over the past month or so. Daily oversold or getting that way. Daily does not require or regularly have pos divs like a top does to reverse (thanks liquidity providers!) I've discussed my desires for a pop-n-drop to set a neg div on the weekly. Again, this may only be a pipe dream and is not necessary, but it would add validity to a top making it more technically sound and thus provide for a more real move south.

SPX Weekly - Still in the rising channel off the '09 lows, but the biggest move sideways and south indicating the bull trend in a decade long bear market is coming to an end. Note the resistance.

Freedom watch -

Nothing here today.


More to come below.

Have a good week.

GL and GB!

Open Weekend Post 05/07-08/2016

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 05/06/2016 SPX /es

HA! STB proven right again. I spoke about preached bitched about it for years - German Study Proves It – 95% Of Greek "Bailout" Money Went To The Banks. In the early days it WAS the conduit to keep the banks solvent, stealth funding for their bailout and market stimulus.

"A recent German study just confirmed what tens of millions of Greeks already knew. That they are a people fully conquered by criminal mega banks and the corrupt politicians and technocrats in their employ.

Get ready for another epic screw job this summer."

On to the lie -

Sell in May? Market levels really don't reflect this now do they? Everyone Is Selling: Largest Outflow From Stock Funds Since September 2015. Cause they are selling to your pensions and MF's in your retirement plans as fast as they can. Surely this will stabilize the retirement system and make it stronger. Everyone Is Selling: Largest Outflow From Stock Funds Since September 2015.

SPX Daily - Resistance (black), rising wedge (blue) busted support, trying to roll over - Lower BB, 50ma, S and diagonal S around 45 - 40 are pretty critical to price here. Potential HnS all over the place. Look back at the last top and see what it took for them to finally crack the 2020-2010 level before it let go, and then compare that to where we are now. Nothing has to happen, but that is the way they will defend a specific S point if they can.

SPX 5m - Oversold and about to get worse on a ST basis.

Freedom watch -

We all need to reverse course - Merkel Reverses Course, Now Wants To Protect German Borders From Immigrants. Actually the real course that needs to be reversed is our foreign policy - the "spread of democracy" is not really working now is it? Actually their unspoken experiment whether it be demographic



More to come below.

Have a good weekend.

GL and GB!

Morning Charts 05/05/2016 SPX /es

MEH, nothing big to report up here today.


On to the lie -

SPX 30m - Backtest of busted support and then continued failure? Will that second HnS play out after backtest of the neckline? Do they want to backtest 64 again? Is an even larger HnS in formation (RS to begin here with a move up to possibly 75? Or is this far enough and 'they' are gonna take the ball back? Not sure, but one really needs to be leaning south with extreme caution. Price needs to separate from the 64 area. Again, I'm hoping for weakness to one last bull trap to set weekly neg divs then the collapse - that to me would be the best (not necessary) technical scenario.

 


Freedom watch -

Well, duh - Majority Of Germans Think The Media Is Controlled By Political, Economic Elites


OK - this will take some time, but read the headlines and the summary of each destroyed country she's touched - it's mind blowing - Hillary Clinton’s Six Foreign-Policy Catastrophes. Then go into the comments and look at her voting record.


More to come below.

Have a good day.

GL and GB!

Morning Charts 05/04/2016 SPX /es

Nothing up here this AM - go read ZH and embrace the suck if you like.
On to the lie -

SPX 60m - An STB friendly PSA to remind you what lies below (or does not) - Thus they try hard to protect 64. Looks like they may lose it today. At the close yd I said it looked weak and they'd need to pop it this AM. Well, they did not pop, but they have temporarily stopped the tumble. 

SPX 30m - The rollover we've been discussing continues (and actually improves). Shoulda mentioned this yd when I was thinking about it, but they usually form a falling megaphone at a top that breaks down a few times - let's watch for that to form. They are gonna plow thru all sorts of support at the open this morning. Typical it takes a gap to break thru such a point and will leave everyone wondering in the future about filling said gap at such a critical point on the map. 

Freedom watch -

Trump - so there is actually good news to report down here - that's a rarity.

More to come below.

Have a good day. GL and GB!

Morning Charts 05/03/2016 SPX /es

Bottom line is 'they' are running out of time and their plans for global financial domination have not played out as planed. They may be about to lose the presidency, their police state is not set, the internet is waking up more and more of the sheeple to reality, the great reset is coming. "Debt Is The Cause, Not The Cure"- Why $19 Trillion In Debt 'Is' A Problem. 


Well, selling to the sheeple seems to now be a firmly committed strategy (by the elite) - "This Has Been The Longest Selling Streak In History" - 'Smart Money' Sells For Record 14 Consecutive Weeks. The Australian rate cut and the Puerto Rico issue have rocked the system. Relax. congress will be blackmailed again just like in '08 and the 'system' will be protected yet again (thing Greece but on this side of the pond). See Puerto Rico’s Debt Crisis Deepens as Government Misses Payment.

Nothing that moar QE and a permanent backstop can't handle, so no fret (for now) the helicopter money is coming soon. That's the only thing that's keeping me from calling an ultimate top (whether actual top is in or not). There will be a time to run. Run like hell. Problem may be that at that time you may not be able to get your their funds out of the system. So, a friendly STB reminder that cash and physical at HOME are king (not to mention other basic prepping items). 

On to the lie -

Well - The Last Time This Happened, Stocks Tumbled 20%. I've been mentioning the rollover for weeks now, the miserable technical and economic conditions, and yesterday I discussed the lower low and it's potential. Yet, I've remained very fearful of the Fed and the manipulated markets. There have been three topping points in this run that have been thwarted mercilessly. I've been right to lean with Team Manipulation, but that lean is getting a bit less conviction now. I'm no where near the bearish stance I had last August despite technical and even worse economic conditions. Not sure if that's a mistake or not at this time. My fear of moar and their protection of technical levels are the main reasons. If it breaks down I'll roll with it, but for some odd reason I'm not convinced they want to survive another major tumble.


SPX 60m - The blue wedge completed, broke down, now there is a channel down and a possible larger HnS (in RS now) at the top here as the market continues to try and roll over.

 
Freedom watch -   

Like I said above physical at home (and as I've said many times in the past barterable items and getting yourself out of cash if you want any freedom) is a really good idea. And don't forget to pay for it with CASH, this way the purchase is not traceable and therefore can't be tracked by the PTB. I'll add, ur running out of time to get this done - A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York.

 
More to come below.

Have a good day.

GL and GB!

Morning Charts 05/02/2016 SPX /es

Man this never gets old (/sarc). Bad = Good or Worst = Best, I mean how hard is it to spot what's gonna make the market move up? Slew Of Negative News, Defaults And Failed Mergers Push Futures In The Green.

This is a good one - for those in conspiracy denial that insist on living in a cave pretending all is well - Deutsche Bank Has Systemic Money Laundering, Terrorist Financing And Sanctions Problems: UK Regulator. Of course nothing will come of this as the TBTF roll along covered in Teflon.


On to the lie -

Worth a look, OK post, still obviously believes technicals and fundamentals matter - Still Looks Like A Trap. Looks can be very deceiving, and in this case never forget who owns this market and why they have it propped up. 

SPX Daily - Well, they closed it above 64 Friday and are fighting to keep that level this morning. Sub 64 and the door is wide open down to 1990. They don't want that, so expect them to fight here. 

SPX Weekly - Well, I got the drop n pop to set the neg divs or at least set some sort of technical top on the daily - now we could really use the same for the weekly. Not necessary, but preferred. This is a tough thought at this point where a technical top has every right being in place (Blue wedge competed, broken down, daily neg divs, top down resistance diagonals, OB as hell). I'm basically thinking there is a possibility the Fed and the PTB fights here or maybe even down to 1990 and possibly drives price close to or to a new ATH. One last trap for the bulltards (plus "they" are not ready for collapse quite yet)would be fitting - if this whole run is not one massive trap.

 

Freedom watch -

We all saw this one coming - Schwab Is Forcing Cash Out Of Money Market Funds And Into Treasuries.






More to come below.

Have a good week.

GL and GB!