Friday, October 7, 2016

Morning Charts 10/7/2016 SPX /es

Happy Friday!

On to the lie - 

SPX Daily - 2151 and 2120 are key here but in between is 2135 to 40 - see below. They either save the wedge or they don't. Looks to be designed to just get us thru the election before collapse. Also looks ready for an October surprise failure right here as well if they can't lift off support and hold the wedge.

SPX Weekly - The wedge above is the blue wedge here. 2135 to 40 hold the 20wma and 2135 s/r. Note the 50wma is at major support 2064. If something gives under 2120 a drop to here would be very probable.

More to come below. 

Have a good weekend. 

GL and GB!

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