The balloon can only hold so much helium and when it reaches a specific altitude .... (Balloon Performance Calculator Tutorial - in case ur interested - pretty sure the Fed visits this site daily). What 12 'Financial Experts' Predict For The Economy in 2017 (Spoiler Alert: It's Ugly). As we've been reduced to saying - it's only a matter of time for it is when not if it happens.
On to the lie -
SPX 60m - Well, I wanted a dip then run to 20k. Maybe I was a bit early to the party. I started shorting in the 2nd and 3rd weeks of December. Then last week I gave the obscure target of 2225 to 2230 support in no man's land at the 60m 200ma. Nailed that and now the push back thru 2255 resistance (actually gap open thru this R this morning) may lead to the run they need for 20k.
Will they get it? No clue. You just gotta believe they want it, it is their market, and thus, more than likely right or wrong they get their number (no matter what Obummer does to continue to hamper the smooth transition.) Price has broken down from all major patterns. Price is ready to collapse. Just a matter of when at this point.
Freedom watch -
If you did not see the Assange interview last night - it is a must see. There is a great chance that Wikileaks Offers $20,000 Reward For Information Exposing Obama Administration Destroying Records will deliver some goods. Once in office I have a feeling that Trumps greatest problem may be the issue to or not to prosecute Obummer and HRC. He may not have a choice - he'll have to do it - but what happens to the country when he does what is just and right. What happens when he exposes this leadership for the criminal cabal that they are? Does he stay alive is the biggest question I have? I have a sneaky feeling that the WikiLeaks Hints At Huge Upcoming Revelations: "2017 Will Blow You Away" is gonna throw the sitting president so far under the bus that there won't be much left of him when it is over. O may be the first post potus to go to jail.
More to come below.
Have a good day.
GL and GB!