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!