Friday, October 21, 2016

Morning Charts 10/21/2016 SPX /es

Disqus is down with twitter and several other things due to a DNS cyber attack on the east coast 

Pretty sure we've answered this question numerous times over the past several years - Who Is Buying? Another $5 Billion Pulled From US Equity Funds, Outflows In 6 Of Past 7 Weeks. They must at any cost keep the farce alive. 

And then this, David Rosenberg Calls For A Multi-Trillion, "Helicopter Money" Stimulus Package. What David, did the firt multi-trillion package not work well enough? MOAR! Again, without moar everything collapses. 

On to the lie - 

SPX 5m - Consolidation continues (been saying that for months - can we get this range bound crap over with already?). As price stays in the lower half of the rising channel it has formed a triangle that's playing out - the one formed by rising channel support and 2145 s/r - consolidating/coiling nicely into a tighter and tighter range - Let's just see what happens. I really can't make a call cause I still like down but some things are pointing up (and we all know who likes up).

SPX 30m - Busted LT support (black) - that's a major rising wedge breakdown. they simply won't let it correct or fall with any significance.

Freedom watch - 

Usually leave this off the Friday blogs, but here are a couple things that you may need to digest -  

The End State: 5 Triggering Events That Would Place The U.S. Under Martial Law

ISIS are our creation, our force of destabilization and we are funding them and giving them everything they need to survive and thrive. US 'Relocated' ISIS Terrorists Out Of Iraq, Into Syria To Fight Assad

More to come below. 

Have a good weekend. 

GL and GB!

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