Tuesday, October 4, 2016

Morning Charts 10/04/2016 SPX /es

He smokes dope, maybe that's why he sees things so rationally - "This Cannot End Well" Bill Gross Warns

"Once again he slams central bankers such as Carney and Yellen whom he describe as "Martingale gamblers" adding that "they do have an unlimited bankroll and that they can bet on the 31st, 32nd, or "whatever it takes" roll of the dice. After all, their cumulative balance sheets have increased by $15 trillion+ since the Great Recession. Why not $16 trillion more and then 20 or 30? They print for free, do they not, and actually they make money for themselves and their constituent banks in the process. Why not?""

On to the lie - 

SPX 60m - Simple reminder of where price is and what lies below (that they don't want to visit).

SPX Daily - Things don't always repeat, but this has the feeling of the 2015 top (yellow box) all over again (without the election and potential war scenarios plus the financial crisis is even worse now). So the risk of failure here is much greater as they hang on for dear life. Let's see how this consolidation pattern above support works out. 

Freedom watch - 

Assange was a total bust Gee, I guess if you value life (or possibly a massive payoff and future freedom)  more than taking down the Clintons that's what happens. 

Well, what did you expect - if she gets elected we're all totally screwed. Law and order will be out the window. FBI Allowed 2 Hillary Aides To "Destroy" Their Laptops In Newly Exposed "Side Agreements". The new Queen of Hearts will be screaming "off with their heads" before she's even inaugurated I bet.

More to come below. 

Have a good day. 

GL and GB!

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