Tuesday, January 22, 2019

Morning Charts 01/22/2019 SPX

I think we're gonna reverse course sooner than later. I also don't like the prospects much either. https://www.zerohedge.com/news/2019-01-22/nomura-stocks-begin-their-re-correction-watch-out-below-2600

Remember I've said for years that no one will hang around for this next crash. Fool me twice, but not a third time. When they head for the exits, it's gonna be a stampede. UBS Tumbles On "Very Poor" Results As Clients Pull $13 Billion

On to the lie -

SPX Daily - 100dma crossing under the 200 is never a good thing. Resistance at the diagonal and then ultimate R at the 100 and 200 dma's. 2714 is 61% retracement of the last fall, so were smack dab in the middle of a lot of resistance and turnaround point.

More to come below.

Have a good day,

GL and GB!

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