Tuesday, October 25, 2016

Morning Charts 10/25/2016 SPX /es

6 years late but better late than never - Caterpillar Warns Of "Economic Weakness Throughout Much Of The World", Cuts Guidance. The truth is gonna be very painful. Ya better have food, water purifier and guns. No - not kidding. Shit's gonna get real. More real than any of us want to deal with. 

On to the lie - 

Consolidation to continue. I'd suggest getting a big pile of dry powder to be able to put to work post election. 

SPX 60m - Two diagonals and one s/r point vital at this time. 1) the upper black rising diagonal is the backtest of the busted rising wedge off the Brexit lows. 2) current blue resistance. 3) 2120 support. Right now it looks like there is a chance price may consolidate between blue R and 2120 continuing the formation of the descending triangle which would lead to a post election breakdown.

Freedom watch - 

They can not allow Trump to be potus (If he wins I'll begin begin capitalizing POTUS again) It begins - but it won't end here - Report: Votes Switched From Trump to Hillary in Texas "She voted straight Republican and the vote had changed to Clinton!".

16 states - Soros-Linked Voting Machines Cause Concern Over Rigged Election

More to come below. 

Have a good day. 

GL and GB!

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