Well, they are stubborn SOB's - Global Stocks Slide, S&P Set To Open Red For The Year As Hawkish Fed Ignites "Risk Off".
I'm not really sure what they
are trying to do destroy the nation and enslave us all, but it's their game, their market, their money. The good thing is that jobless clams are terrible, the Fed goes risk off, markets just busted critical support with a massive HnS formation above - and futures are basically flat. Go figure.
On to the lie -
Well, someone here has been looking at 1575 as a real target in a major breakdown for over a year now. Nice of the experts to finally catch up. It's not rocket science. Why the S&P 500 could sink to 1573.
SPX 15m - Let's see if my black R to blue S holds up. Descending triangle and HnS breakdown on verge - 'they' better do something fast.
Freedom watch -
More to come below.
Have a good day.
GL and GB!
How does “One Big Worldwide Bubble”: Cusp of 30-Year Bear Market in Stocks and Bonds sound? #=notgood would be an appropriate and modern response.
"“The whole idea you buy stocks and hold them for 30 years was never
correct. … The typical investor should be out of stocks and out of bonds
and wait for a crisis, and buy during a crisis.”
Maybe this is why one of the shrewdest billionaire investors ever has done this - Soros Makes Gold His Largest Holding As He Cuts Equity Exposure To Lowest Since 2013, Doubles S&P Puts.
Time is no longer on your side - if you have not taken my rants and nuttiness over the past seven years seriously, maybe you need to reconsider your ignorance is bliss stance. This is not hard - you did not take common core math. You took real math, and the way things add up there is only one outcome.
On to the lie -
SPX 15m - 2064. The number I thought would possibly end the run off 1810 low. The last S/R point before another ATH. The number that defines the cliff keeping price on the mountain and precariously above the abyss. The number that was only achieved by Fed intervention (via well timed 'news' or Fed speak) twice to keep this rally alive when the market should have rolled over and reversed.
SPX 60m - I'm positive I don't need to recount the wedge and rollover. There it is, the big ass Head and Shoulders. Well, I've seen it coming for weeks, you see it, "THEY" see it ... and "their" seeing it is the problem. This thing is primed to shit the bed.
SPX 60m - Good look at the HnS on the right. Better look at the three consolidation areas I've been pointing out for over a year now. Here is a great look at what "they" are protecting against. 2020 and 1990 are gonna be key battlegrounds if this thing lets go - or else that lowest black support diagonal should come into play.
Freedom watch -
Well, tell us something we do not already know - must read for those in denial - "We're Running A F**king Casino" Congressman Admits DC Is A "Sinkhole Of Leeches"
"“Voters are incredibly ignorant.
It’s far easier than you think to manipulate a nation of naive,
self-absorbed sheep who crave instant gratification . . .,” vents
Congressman X.
He says money “corrupts” and House members are “puppets” to lobbyists who bankroll their campaigns."
More to come below.
Have a good day.
GL and GB!
I used to just go ballistic on Greece, the debt and how they are only a conduit (at everyone but the TBTJ's expense) to flow money from the US taxpayer to the BIS and IMF without being exposed. It's not worth bitching about anymore because it's so far gone, so far ridiculous, so criminal that it's gone beyond comprehension - Pure Troika Idiocy - The Greek Debt Slavery Regime Through 2059
As for the rest of the bad news, it's getting to diverse and abundant for me to even attempt to cover it here.
On to the lie -
Well, someone here has been on this larger HnS formation for weeks now. Nice to be ahead of the game with STB! Did anyone see the HnS the 'experts' are pointing out now in What's Next For Apple And The S&P: This Is What The Charts Say.
The "Our take" last two paragraphs of this post are really good. What have I been saying? They can't let it fail, but they don't have the power to lift.
"Our take: now that everyone is suddenly turning bearish, especially recent cheerleader Goldman warning of a "big drop" in the days ahead (not to mention Gartman) and chartists seeing sharp downside (not just BofA but UBS recently as well),
expect another major round of substantial jawboning from central
bankers who can not afford a downward inflection point in the market at
this point, especially now that China's record loan growth has suddenly ground to a halt.
How this may manifest itself is through a few sharp days of "forced
buy-ins", leading to a spike among the most shorted stocks in the days
ahead, although now that the weak hands have all covered, it will be far
more difficult to unleash the kind of record squeeze that pushed the
S&P500 from its February lows of 1820 to just shy of new all time
highs."
SPX 30m - What, we've been discussing this setup, the rollover and much more for month's now.
SPX Daily - Rising wedge (reformed 5 or 6 times) to resistance to breakdown and rollover blah, blah, blah - we've nailed this thing for months - now the only question is - What do they do now? We can all see and know precisely what SHOULD happen, but it's their game, they make the rules, they control all. Sadly my latest financial timing models are all becoming based on whether the government is ready for complete economic failure, complete takeover, to fight the coming revolt; and they are not - so they can't let it crash yet. This is not saying they can't survive a major dip to 1575 or down to 1810 again. As usual let's walk this thing down and not get overly doom and gloomish quite yet.
Freedom watch -
The Orwellian nightmare continues to be exposed - 'exposed' because it's in place and you just don't know it - FBI Agents Busted For Planting Hidden Surveillance Microphones In Public Places
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!
Friday the 13th - no need to fear anything, cause the nanny state and the Fed will simply mandate that all will be well.
On to the lie -
Well, I've been looking at 1575 as an initial SPX breakdown target for months now, why bother splitting hairs - Gundlach: "I See The S&P Going To 1600", Bashes Hillary Clinton
SPX Weekly - 1575 is pretty elementary target being closest to the prior two SPX tops and the 38% retracement off the 667 low.
SPX Daily -
SPX 30m - And the old HnS, IHnS, up, down, sideways issue and the current rollover situation -
More to come below.
Have a good weekend.
GL and GB!
Just read this and try not to throw up - A Central Banker Officially Loses It: "We Are Magic People". All I got is that the people behind the curtain pulling levers and pushing buttons are even less stable than we could imagine.
On to the lie -
SPX 60m - Well, my fear was the higher high (2084). They pulled it back to the 68 level and then 64 yesterday, and here we are popping off that major S/R number. They don't want to lose this point. I'm kinda in a quandary on calling this thing right now. Price is simply at one of those points where up down or sideways are all possible. Bottom line is 'they' are desperate, they will defend, they are in real danger, they can't lift, they can only levitate. From now on price is permanently of the edge of collapse. I've discussed the end of the wedge, OB situation, the rollover, the more recent potential HnS - It's their game, and it's quite possible they are about to lose control.
Freedom watch -
Believe 'em if you want to - White House Denies it Duped Media to Sell Iran Nuclear Deal ....State Department Promises to Look Into “Glitch” of Erased Part of Video
More to come below.
Have a good day.
GL and GB!
It is what it is.
On to the lie -
I'll get some more charts out below.
SPX 60m - ya think they wanted to make a statement yesterday? First the open and moning candle to blow thru 64 then all the way to the end to take out that upper red channel resistance. Now that's pure power. Oh, and may I ask why? What was the catalyst again?
Freedom watch -
Truth - and these people are just getting started - American Horror Story: The Shameful Truth About The Government's Secret Experiments
More to come below.
Have a good day.
GL and GB!
