Friday, August 5, 2016

Morning Charts 07/05/2016 SPX /es

And for those that wonder why I've given up on my quarterly earnings rant, here's a post that explains part of the reason - Mind The "GAAP" (Or How The Game Is Really 'Rigged'). The short version of my rant - beating intentionally lowered hurdles using whatever data you choose (real or not) and then throwing out highly unrealistic growth targets (that will eventually be lowered without penalty for the next easy beat) is what the game has been reduced to. 

On to the lie - 

SPX 30m - I really have little to say. It should be but it isn't. Total control.


More to come below. 

Have a good weekend. 

GL and GB!

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