Wednesday, August 10, 2016

Morning Charts 08/10/2016 SPX /es

Have no fear MOAR is still here! BOJ Leaks September Statement To Ease Investor Concerns That It May Be Tapering QE  - and that's what Christmas is all about Charlie Brown.
On to the lie - 

SPX Monthly - No comment. OK, I will comment - those are massive Negative divergences on a monthly chart. Actually the monthly is now in an overthrow situation (which is the worst overbought possibility there is).

More to come below. 

Have a good day. 

GL and GB!

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