Wednesday, June 15, 2016

Morning Charts 06/15/2016 SPX /es

FOMC today and BOJ tomorrow. Wondering if Brexit is gonna be the STB 'event'? Things are very dicey. You gotta wait on the Fed and BOJ, but I would not be too giddy about any pops. Watch 64, and if that cracks we'll walk it down from there. The potential for ugly can't be understated. Just how much control and power the Fed has left is the big question.

On to the lie -

SPX 15m - Double bottom at major support after and underthrow off a pos div - it should be popping (for a technical retracement at least).

Freedom watch -

Read this from a former govt insider, his take is well worth consideration. Paul Craig Roberts' Skeptical Take On The Orlando Shooting. I'm gonna withhold comment on this tragedy.

More to come below.

Have a good day.

GL and GB!

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