Tuesday, May 17, 2016

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!

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