Thursday, January 31, 2019

Morning Charts 01/31/2019 SPX

It's not rigged or controlled or anything like that at all .... I promise! Jeff Gundlach Slams "Embarrassed" Fed's Powell For "Caving To The Stock Market"

Freedom! Nah, this is not Orwellian at all. Just like the Facecrime thing with the catholic kids, don't you get all caught up in conspiracies. Now, Refrigerators Are Watching Us Too: "Smart" Coolers Are Coming To A Store Near You

On to the lie -

SPX 60m - Best I got right now. Price came back up and filled the island gap as expected. IHnS clear as day, but we're at the target of the last IHnS. Can they double up? I'm not so sure about that, but with a doveish Fed ... Let's just stick to the potential rising channel scenario I presented a few days back and not get too carried away with any projections right now. Way too much turmoil out there to get behind a move either way quite yet. Let them show their hand. Up to the 2750 area is major resistance for SPX. Should be tough sledding up to there.

More to come below.

Have a good day.

GL and GB!

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