So .... nothing has changed. It's pretty much as simple as the Fed is between a rock and a hard place. Years of lies about a recovery, posting bogus economic stats, them feeding the banks trillions and their destruction of the middle class via protecting the market's illusion over reality has placed them (along with the US and global economies) on a very sustainable trajectory towards destruction. Confusion or lack of clear direction is not good. It's been obvious to me and most here that's been the case and apparently the sheepekl are starting to figure this out now.
Looks like my dramatic holdout for moar is gaining traction -
"By then the inventory liquidation-driven recession will be upon the
US and the Fed will be looking at either NIRP or QE4. Worse, the Fed
just admitted it is as, if not more concerned, with the market than with
the economy."
"But if the outlook were to change in a way that most of my
colleagues and I do not expect, and we found ourselves with a weak
economy that needed additional stimulus, we would look at all of our
available tools."
"A rate hike is supposed
to be a signal that the economy has a clean bill of health. But as the
patient fails to recover, another dose of QE will be just what the
doctor orders."
And when the next QE is announced that will not be your signal to get long and strong, it will be time to run like hell.(I'll add that the next QE may has the real chance to be a direct injection to the very angry sheeple - something that will directly benefit the banks like paying off CC or mortgage debt or it could be a straight helicopter drop from the sky.) Cause we're rich like that biatch!
On to the lie - Consolidation (big wide volatile range), they can't let the markets collapse and the Fed is lost. I think they need real fear to get the next QE. This could involve a false flag, a war or any number of fear inducing tactics they have at their disposal. It could be as simple as a lot of negative propaganda bringing a larger drop (fast and furious but controlled) that brings about another Bullard moment. As I contend - "they" are not ready for the total takeover. "they" must keep the markets afloat till their defenses are in place. The stakes in this game of death are about to go up, way up.
SPX Monthly - there is a chance that larger blue wedge is in play and they fail here, revive and take the wedge into 2017, but then again the crashes have become more violent with each occurrence. Is this thing ready to simply go straight down?
SPX Monthly - Still not moving that green target box I've had on this chart for 3 or more years now.
When it comes down to it, the words of the establishment are almost always misleading, and alternative (sometimes considered conspiratorial) are the best place to look for truth. This is a good read for what I think more closely represents reality than you will hear from most sources - The Real Reasons Why The Fed Will Hike Interest Rates
The most vital of areas at this time is perhaps the debts
accrued by major banks and companies that have relied on overnight loans
to facilitate massive stock buybacks. It has been these
buybacks that have artificially supported stocks for years, and whenever
ZIRP was not enough, the Fed stepped in with yet another QE program to
give particular indicators a boost. The main purpose of this strategy
was to ensure that markets would NOT reflect the real underlying
instability of our economic system. The Fed has been pumping up banks
and markets not only in the U.S., but across the globe. Why? We'll get
to that, but keep in mind that it takes time and careful strategy to
wear down a population and condition them to accept far lower living
standards as the "new normal" (and it takes a sudden crisis event to
convince a population to be happy with such low standards given the
frightening alternative).
Also see (where STB sits) -
This is why (buybacks) so many analysts simply cannot fathom why the Fed
would raise rates, and why many people fully expect the introduction of
QE4. But we need to ask some fundamental questions here…
I'm obviously or record thinking they will/can never raise rates. If I'm wrong and they do raise rates so be it. In the end I'll have been right, and they never should have raised them in the first place. If anything a rate rise will expedite my QE call and at least hasten the end of this mess. This would bring us conspiracy nuts full circle - is the government ready for the ensuing chaos? That's been the big question all along. Then the War question? Then the Obozo dictator question? A rate cut makes things get real juicy real fast.
On to the lie - SPX Daily - This chart did wonders for STB for years, but it has lost some of its luster now that the multi-year channel is now broken. The breakdown is clear and technically clean. What happens next? Well, a further breakdown should be in order, but in this manipulated and controlled farce you never know. I'll hold off on any speculation till the Fed speaks and we get the markets reaction. Updated upper and lower targets will be out later. For now, my 1820 and 1750 remain the first lower targets and 2064 is the first upper target. These targets represent the wide range of consolidation I think price will remain in for a while unless the Fed really screws things up.
Sticking with the three C's for a while - China, Confusion and Corruption. Bad = Good is making an astounding comeback. Fed meeting is all that matters, till then, till clarity is delivered, we're no more than a candle blowing in the wind. On to the lie - 2032 around Halloween? Don't know, but a STB point there at the 62% retrace with the formation of a possible rising wedge would make for a good scenario. Churn it up while remaining in consolidation. Course in this manipulated market we play in, with recent volatility it could be at 2032 or 1932 tomorrow.
SPX Daily - Note for those "counting", any recovery here without a "5th" and your screwed. I still want 1820 and stubbornly lean south with consolidation being the primary force. Disappointed that they blew through resistance yesterday.
SPX 30m - STB covering all the bases. When confusion reigns in consolidation at what I see as a major long term top, you get volatility. With that you have to look for all the zigs and zags and can't really stay married to one idea for too long. You saw this from me last week. Potential rising triangle. One of you pointed it out to me in the commentary yesterday (the old and wise one I believe). That breakout looks legit on the outside. Wow, where wedge consolidation meets channel resistance, the point where failure was immanent, with economies and everything crashing all around and ..... the sucker breaks out! Great spot to squeeze some shorts! Welcome to the Fed's world dear trader.
Gotta love the PPT. All is well. Here is the overnight skinny bringing you into this morning (while all you can do is wait on the Fed Thursday).China Stocks Drop Most Since Late August, BOJ Disappoints Bailout Addicts; US Futures Flat. Thursday has the potential to be one of the biggest days ever in market/financial history IMO. If they raise rates everything goes bonkers. If they don't, then confusion will still reign. Can't win either way.
On to the lie -
Consolidation and all sorts of patterns ending going into FOMC in the middle of the craziest month we may ever experience.
SPX 30m - Consolidation coming to an end under resistance.
Freedom watch - Well, where else is there to go with the freedom watch section today other than 9/11? The day that cost us everything. The day that brought us the constitution stripping, freedom destroying and political empowering Patriot Act. The one policy they had to have to control us.
I'll simply leave the 9/11 issue up for you to decide, but you must look at all the evidence with an open mind. First start with this post This is the best, most comprehensive and mind blowing post on Building 7. Next move to ae911truth.org which will seriously alter or at least have you questioning the official narrative. Scour the video section and pay close attention the the third tower (Building 7) that just happened to fall down later that fateful day (see rememberbuilding7.org). What was housed in building 7? CIA, FBI, gold, all sorts of evidence of criminal activity - follow the money.
If you want more information, then you can go into the 9/11 Commission report that was a complete failure at best. You need to see 28 Pages That Will Change the World. What was in those 28 pages that we can't see? Of the mass of evidence that disproves the official story my favs are Building 7, the invisible plane at Shanksville and the individual testimony from workers at the twin towers.
You may want to take the time to watch Loose Change. All I ask is that you look at the evidence and form your own opinion. Truth, think about that word and the world you live in today. Don't believe False Flags re real or even possible? Read 42 ADMITTED False Flag Attacks. Conspiracy theories are rapidly becoming conspiracy truth, and conspirators are actually not considered the nuts they once were. If you want more information let me know below, and I'll take you as far down the rabbit hole as you want to go.
Somewhat 9/11 related - I have to add this, The UN’s “Sustainable Development Agenda” is Basically a Giant Corporatist Fraud. STB has brought this subject up many times before and tried desperately to emphasize its importance/reality. You seriously need to read and understand this. This will partially be your future, and is for certain (without a revolution) your children and grandchildren's future.
More to come below. Have a good weekend. GL and GB!
"Anyone waking this morning will glance at US
equity futures and happily note its unchanged-ness relative to
weakness in Asia overnight. But behind the scenes of the last 12 hours was a total and utter farce of price discovery failure. S&P 500 e-mini futures have been halted twice (0551ET anbd 0612ET) in what one market observer exclaimed "looks like manipulation to me." So what exactly happened at 6:12am?"
And remember mr. market cheering about moar Abe? Yeah, this is why. Mark your calendars!
"the BOJ’s Oct. 30 meeting would be "good opportunity" for further easing."
On to the lie -
As you know, September is going to be a wild month. SPX Daily - Lot's of resistance that is actually being resistance. 1991, the 20dma, 38% retracement and several diagonals are actually holding.
SPX 30m - I still want my 1820 before their possible last run at glory. Maybe, if the market does not puke up a lung here, that possible rising triangle could be in play after a bit more consolidation. For now, there is a chance that all that resistance (combined with a plethora of global negative market pressures) leading to the potential larger black falling channel being in play. Another possibility is that blue wedge could turn into a big ass bear flag.
