Thursday, October 20, 2016

Morning Charts 10/20/2016 SPX /es

Well tell us something we don't already know - Bank Of England Admits QE 'Economic' Benefits Are Temporary, More Effective As Plunge-Protection For Markets - They've been plunge-protecting and artificially lifting for seven years now. Like ... duh! 

It's all about the MARKETS stupid - Must ... keep ... illusion ... alive. What have we said here daily for years!

"In other words, QE's greatest benefit is as a plunge protection team mechanism for markets... not the economy"

And don't forget - the PPT - ya that PPT - it does not exist. It's not real. Conspiracy theory. Not real. Move along sheeple. 

On to the lie - 

ECB - unch

SPX 30m - Updated! Price is under busted rising wedge support. All sorts of short term possibilities - channels, IHnS, triangles - the whole pot. They are doing all they can to save 2120 and keep price (the illusion) up.

Freedom watch - 

Just to fubar to go into this morning. Corruption everywhere and expanding worse than a killer virus.

More to come below. 

Have a good day. 

GL and GB!

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