Tuesday, December 18, 2018

Morning Charts 12/18/2018 SPX

Flynn will be a huge news event today. Will good or evil win?  If evil it may spark a fire on the right cause justice will be thwarted again.

Interesting - https://www.zerohedge.com/news/2018-12-17/stocks-slide-xi-speech-disappoints-china-may-face-unimaginable-difficulties

On to the lie -

Interesting - https://www.zerohedge.com/news/2018-12-18/worst-december-stocks-great-depression

Fed is everything. POTUS tweet to the Fed was classic. Stop it with the 50 B’s. LOL. Hike and more hikes may be being priced in already. A reprieve may be in order if they don’t. Remember the Fed IS the deep state. They want Trump and America to fail. Note: Trump may try to eliminate the Fed (same thing that got JFK killed) and return to gold standard. Just be aware of that.

For years now I have warned that the rush to the exits would be unprecedented. Is this post just fear porn or was I way ahead of the curve again. https://www.zerohedge.com/news/2018-12-17/here-comes-rush-exits No one wants to experience 2008 again.

Technically move up will either be a backtest of busted support or a move back into the consolidation zone. Watch the levels closely for keys.

Christmas quote -

Sally: [dictating her letter to Santa Claus as Charlie Brown writes it for her] Dear Santa Claus, How have you been? Did you have a nice summer?
[Charlie Brown looks at her]
Sally: How is your wife? I have been extra good this year, so I have a long list of presents that I want.
Charlie Brown: Oh brother

More to come below.

Have a great holiday season!!

GL and GB!

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