Tuesday, November 1, 2016

Morning Charts 11/01/2016 SPX /es

No shave November! This is to grow awareness for prostate cancer in men. I encourage you to participate. Nothing like having a great excuse to put down the razor for a month and start growing that winter coat. 

Market is totally in standby mode. Not sure they are willing to risk moving it either way to help Hildabeast as it appears everyone is finally starting to jump ship. the market may act independently not effected by the potus race for the next week. bottom line is they either hit the snooze button and hang on to support or it's about to let go. 

On to the lie - 

SPX Daily - Rising wedge support is gone. All that's left is 2120. Descending triangle (red) should help pressure the potential breakdown targeting the next major level of support 2064. Oversold conditions with some small pos divs at 2120 provide optimism for 2120 to hold for now.

SPX Monthly - Way OB, as in that was the blow off top. Set up for plenty of room to fall.

Freedom watch - 

This is fucking SB and exactly why we must have Trump to #draintheswamp - John Podesta's Best Friend At The DOJ Will Be In Charge Of The DOJ's Probe Into Huma Abedin Emails. Total control. 

More to come below. 

Have a good day. 

GL and GB!

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