The end WILL come, I promise. It's just a matter of how long 'they' can keep the lipstick on the pig - We Need A Complete System Overhaul: 5 Charts That Blow Up The Status Quo.
On to the lie -
SPX Daily - Friday I speculated that we'd have a directional change cause OS conditions, the 50 dma and lower BB support, and coming opex. They'd also still be attempting to protect the 64 level. Then yesterday we got the news we'd have a quiet news week which 'they' usually take to their advantage. Not we get another surprise or potential Yentervention. Oh Joy!
SPX 15m - With all my talk about HnS's all over the place, why not have a potential IHnS (or two) rear it's head? And coming off the support and to take back 64 as mentioned above! NBD, I've been looking at several HnS scenarios that need a RS to make an even larger bear pattern with a retracement up to say the 75-80 area. On top of that most know I've been looking for a drop-n-pop to finally set the neg divs on the weekly chart so we can just get on with this coming collapse.
SPX 5m - The breakdown of the black triangle to the falling blue wedge that broke down and had an underthrow, then backtesting busted black triangle support (that tough spot I was talking about yesterday) and now preparing to blow up thru that resistance and possibly gap thru 64 at the open - the almost always gap major S or R - it's the easiest way thru the opposition. Both bully and Bears don't need be gettin all frothy quite yet. Price is still in a contentious spot.
Freedom watch -
Freedom! LOL. Caught On Tape: This Is What Happened When An MEP Tried To Read The TTIP Text
More to come below.
Have a good day.
GL and GB!
Not much to say up here that the usual doom and gloom reports. You can go find all of those ur little heart desires, but nothing market shattering.
On to the lie -
OK, tough spot for price and the PTB. We got a situation with major resistance, little support, a market that is trying very hard to roll over, but a major player controlling price that can't let their lies/failures be known.
SPX 60m - Either the PTB wins or a pretty big dump is coming. I've been discussing HnS fomations for a couple of weeks now that have played out and are still in formation. If you look under the 2064 s/r line here you can make out two shoulders (R still in formation) and the head at 2011. You can clearly see the rising blue wedge end and breakdown as the rollover is apparently in play. Everything points down here except for the ST pos divs that exists on all the ST charts.
SPX Daily - Resistance, wedge ends, rollover, HnS - pretty common themes you've heard me discussing over the past month or so. Daily oversold or getting that way. Daily does not require or regularly have pos divs like a top does to reverse (thanks liquidity providers!) I've discussed my desires for a pop-n-drop to set a neg div on the weekly. Again, this may only be a pipe dream and is not necessary, but it would add validity to a top making it more technically sound and thus provide for a more real move south.
SPX Weekly - Still in the rising channel off the '09 lows, but the biggest move sideways and south indicating the bull trend in a decade long bear market is coming to an end. Note the resistance.
Freedom watch -
Nothing here today.
More to come below.
Have a good week.
GL and GB!
You know the drill, share the love and the knowledge.
If you see it, share it. I will as well.
Have a good weekend.
GL and GB!
HA! STB proven right again. I spoke about preached bitched about it for years - German Study Proves It – 95% Of Greek "Bailout" Money Went To The Banks. In the early days it WAS the conduit to keep the banks solvent, stealth funding for their bailout and market stimulus.
"A recent German study just confirmed what tens of millions of Greeks
already knew. That they are a people fully conquered by criminal mega
banks and the corrupt politicians and technocrats in their employ.
Get ready for another epic screw job this summer."
On to the lie -
Sell in May? Market levels really don't reflect this now do they? Everyone Is Selling: Largest Outflow From Stock Funds Since September 2015. Cause they are selling to your pensions and MF's in your retirement plans as fast as they can. Surely this will stabilize the retirement system and make it stronger. Everyone Is Selling: Largest Outflow From Stock Funds Since September 2015.
SPX Daily - Resistance (black), rising wedge (blue) busted support, trying to roll over - Lower BB, 50ma, S and diagonal S around 45 - 40 are pretty critical to price here. Potential HnS all over the place. Look back at the last top and see what it took for them to finally crack the 2020-2010 level before it let go, and then compare that to where we are now. Nothing has to happen, but that is the way they will defend a specific S point if they can.
SPX 5m - Oversold and about to get worse on a ST basis.
Freedom watch -
We all need to reverse course - Merkel Reverses Course, Now Wants To Protect German Borders From Immigrants. Actually the real course that needs to be reversed is our foreign policy - the "spread of democracy" is not really working now is it? Actually their unspoken experiment whether it be demographic
More to come below.
Have a good weekend.
GL and GB!
MEH, nothing big to report up here today.
On to the lie -
SPX 30m - Backtest of busted support and then continued failure? Will that second HnS play out after backtest of the neckline? Do they want to backtest 64 again? Is an even larger HnS in formation (RS to begin here with a move up to possibly 75? Or is this far enough and 'they' are gonna take the ball back? Not sure, but one really needs to be leaning south with extreme caution. Price needs to separate from the 64 area. Again, I'm hoping for weakness to one last bull trap to set weekly neg divs then the collapse - that to me would be the best (not necessary) technical scenario.
Freedom watch -
Well, duh - Majority Of Germans Think The Media Is Controlled By Political, Economic Elites
OK - this will take some time, but read the headlines and the summary of each destroyed country she's touched - it's mind blowing - Hillary Clinton’s Six Foreign-Policy Catastrophes. Then go into the comments and look at her voting record.
More to come below.
Have a good day.
GL and GB!
Nothing up here this AM - go read ZH and embrace the suck if you like.
On to the lie -
SPX 60m - An STB friendly PSA to remind you what lies below (or does not) - Thus they try hard to protect 64. Looks like they may lose it today. At the close yd I said it looked weak and they'd need to pop it this AM. Well, they did not pop, but they have temporarily stopped the tumble.
SPX 30m - The rollover we've been discussing continues (and actually improves). Shoulda mentioned this yd when I was thinking about it, but they usually form a falling megaphone at a top that breaks down a few times - let's watch for that to form. They are gonna plow thru all sorts of support at the open this morning. Typical it takes a gap to break thru such a point and will leave everyone wondering in the future about filling said gap at such a critical point on the map.
Freedom watch -
Trump - so there is actually good news to report down here - that's a rarity.
More to come below.
Have a good day. GL and GB!
Bottom line is 'they' are running out of time and their plans for global financial domination have not played out as planed. They may be about to lose the presidency, their police state is not set, the internet is waking up more and more of the sheeple to reality, the great reset is coming. "Debt Is The Cause, Not The Cure"- Why $19 Trillion In Debt 'Is' A Problem.
Well, selling to the sheeple seems to now be a firmly committed strategy (by the elite) - "This Has Been The Longest Selling Streak In History" - 'Smart Money' Sells For Record 14 Consecutive Weeks. The Australian rate cut and the Puerto Rico issue have rocked the system. Relax. congress will be blackmailed again just like in '08 and the 'system' will be protected yet again (thing Greece but on this side of the pond). See Puerto Rico’s Debt Crisis Deepens as Government Misses Payment.
Nothing that moar QE and a permanent backstop can't handle, so no fret (for now) the helicopter money is coming soon. That's the only thing that's keeping me from calling an ultimate top (whether actual top is in or not). There will be a time to run. Run like hell. Problem may be that at that time you may not be able to get your their funds out of the system. So, a friendly STB reminder that cash and physical at HOME are king (not to mention other basic prepping items).
On to the lie -
Well - The Last Time This Happened, Stocks Tumbled 20%. I've been mentioning the rollover for weeks now, the miserable technical and economic conditions, and yesterday I discussed the lower low and it's potential. Yet, I've remained very fearful of the Fed and the manipulated markets. There have been three topping points in this run that have been thwarted mercilessly. I've been right to lean with Team Manipulation, but that lean is getting a bit less conviction now. I'm no where near the bearish stance I had last August despite technical and even worse economic conditions. Not sure if that's a mistake or not at this time. My fear of moar and their protection of technical levels are the main reasons. If it breaks down I'll roll with it, but for some odd reason I'm not convinced they want to survive another major tumble.
SPX 60m - The blue wedge completed, broke down, now there is a channel down and a possible larger HnS (in RS now) at the top here as the market continues to try and roll over.
Freedom watch -
Like I said above physical at home (and as I've said many times in the past barterable items and getting yourself out of cash if you want any freedom) is a really good idea. And don't forget to pay for it with CASH, this way the purchase is not traceable and therefore can't be tracked by the PTB. I'll add, ur running out of time to get this done - A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York.
More to come below.
Have a good day.
GL and GB!
Man this never gets old (/sarc). Bad = Good or Worst = Best, I mean how hard is it to spot what's gonna make the market move up? Slew Of Negative News, Defaults And Failed Mergers Push Futures In The Green.
This is a good one - for those in conspiracy denial that insist on living in a cave pretending all is well - Deutsche Bank Has Systemic Money Laundering, Terrorist Financing And Sanctions Problems: UK Regulator. Of course nothing will come of this as the TBTF roll along covered in Teflon.
On to the lie -
Worth a look, OK post, still obviously believes technicals and fundamentals matter - Still Looks Like A Trap. Looks can be very deceiving, and in this case never forget who owns this market and why they have it propped up.
SPX Daily - Well, they closed it above 64 Friday and are fighting to keep that level this morning. Sub 64 and the door is wide open down to 1990. They don't want that, so expect them to fight here.
SPX Weekly - Well, I got the drop n pop to set the neg divs or at least set some sort of technical top on the daily - now we could really use the same for the weekly. Not necessary, but preferred. This is a tough thought at this point where a technical top has every right being in place (Blue wedge competed, broken down, daily neg divs, top down resistance diagonals, OB as hell). I'm basically thinking there is a possibility the Fed and the PTB fights here or maybe even down to 1990 and possibly drives price close to or to a new ATH. One last trap for the bulltards (plus "they" are not ready for collapse quite yet)would be fitting - if this whole run is not one massive trap.
Freedom watch -
We all saw this one coming - Schwab Is Forcing Cash Out Of Money Market Funds And Into Treasuries.
More to come below.
Have a good week.
GL and GB!
