Wednesday, November 16, 2016

Morning Charts 11/16/2016 SPX /es

Grandma tomorrow and OPEX Friday - I'll just hold off on any speculation up here - Wait for them to tell you what to do.

On to the lie -

I'm still leaning weak with consolidation above 2120 till something breaks. 

SPX Daily - OK, we're technically in a breakdown going back to test the highs. Two or Three rising blue dashed wedges were busted and reformed to make the final large black rising wedge. Then the blue consolidation triangle into black wedge support lead to the breakdown that fell thru 2120 and should have been much worse, but they (as they always do cause they can't let the market fail) got the Trump stick save and here we are back in OB land with deteriorating everything underneath. Very close to forming some large negative divergences.

Freedom watch -

As long as you are with 'them' it's all good - but when you express your opinion or your thoughts all of a sudden you become an enemy - double standards - Student Kicked Out Of Class For Disagreeing That Trump Election Was As Bad As 9/11. I can't wait to send the Little Shankys to college.

More to come below.

Have a good day.

GL and GB!

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