Wednesday, June 1, 2016

Morning Charts 06/01/2016 SPX /es

OK, So I've been updating charts this morning. Other than some recent negative divergences from the Daily down, and the daily upper BB being abused for the past four days - I got nothing. They've managed to blow up most every major pattern. Other than the larger HnS I've been looking at (which is still in play but getting uglier by the minute), patterns are getting tough to identify. I'm having to dig deep into the STB bag-o-tricks, yet still not finding many clues. The battle for 2064 and new ATH's is raging despite the ever hawkish Fed, rising oil and a plethora of other issues. Bears, you're dealing with a rather stubborn and corrupt force that can't let this market fail under any circumstances. It's as simple as that. Closer, every so slowly, we creep closer to the end. 

On to the lie - 

SPX 5m - Near term the overthrow and small HnS. 

SPX Daily - The rollover continues, a formless mass of blah above support, under resistance and defying every law of reality.

Freedom watch - 

Get used to it - Appeals Court Delivers Devastating Blow To Cellphone-Privacy Advocates


More to come below. 

Have a good day. 

GL and GB!

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