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!