Morning Charts 07/14/2016 SPX /es

ZH reading like an obituary (even more than usual) this morning. There is a slight issue in QE world - "It's Prohibited By Law" - A Problem Emerges For Japan's "Helicopter Money" Plans, but I'm sure that just like in the US laws wont get in the way of 'progress'.I'm a bit confused as this news should have tempered the futures, but .... well, you know, details are just details. 

While at ATH's quotes like this are not what one expects to be reading, "It’s not a stretch to call this the end of capitalism and the beginning of a new Dark Age." That's from the post "Soon" And "Really, Really Crazy": Starting Up The Helicopters. And the markets react with amazing correlation to the news - no matter how bad. It is a race to the end and everyone is getting their pile of worthless fiat as big as possible. 

Why not throw this in for good measure since we're checking the global economic temperature - Germany Sells First Ever Negative-Yielding 10Y Treasury, Corporate Bonds. All is well, I see no reason prices are not even higher in the markets. 

On to the lie -

Well, ill feelings and not liking price action - I've seen charts long enough to know most of the time when things just are not acting right and yesterday was one of those days. I honestly don't know what to tell you. JPM earnings and MOAR are too much to overcome this morning. I'll be looking for another short entry point. Don't think I'm peeing into the wind here. 

SPX 10m - Rising wedge. Should complete or overthrow this morning (and we're in an overthrow situation already). This is as good a technical reversal point as you'll ever get. Of course in a completely controlled environment that does not matter anymore. 

Freedom watch -

From the Department of Truth - More Questions Emerge About Skewed Hillary Polls.   

Constitution today -

Amendment I

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.

"The First Amendment guarantees freedoms concerning religion, expression, assembly, and the right to petition.  It forbids Congress from both promoting one religion over others and also restricting an individual’s religious practices.  It guarantees freedom of expression by prohibiting Congress from restricting the press or the rights of individuals to speak freely.  It also guarantees the right of citizens to assemble peaceably and to petition their government."

More to come below.

Have a good day. 

GL and GB!