Thursday, January 5, 2017

Morning Charts 01/05/2017 SPX /es

Lame Duck potus doing his best to throw as many wrenches in the engine as possible now. He could severely screw something up between now and the 20th. Can we get thru the next two weeks is the big question to me. 

ADP miss - surprised? HA! Just wait till Trump starts reporting REAL numbers. When he begins to uncover the lies of this current administration (that's not a very appropriate word - more like cabal is appropriate) - it's gonna be unprecedented confusion/anger. 

On to the lie - 

What to get out of the two below charts? The weekly trend (LT) channel is still intact, but the monthly chart is showing an overthrow of upper resistance (long term). So, while it may look good on a shorter term basis in that weekly momo situation, price has driven too far. Correction is needed. They need a backtest of 2120 before they can go higher. That is your critical point. 

SPX Monthly

SPX Weekly -

Freedom watch - 

You need to believe - You need to cross the line and exit your perceived reality and seriously consider 11984 is here - The Coming Crackdown On Free Speech

More to come below. 

Have a good day. 

GL and GB!

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