Friday, April 28, 2017

Tuesday, March 28, 2017

Late April to complete the bearish wedge

SPX 2322 was about a 24.8% retrace of the leg from 2083 to ~2401 on the S&P 500, enough for a wave 4, which, if completed, is drawing a very bearish wedge up here in the ether.



This week we need to reach resistance at 2390 SPX on Thursday and chop around for another week, back to support, setting up an inverse head & shoulders for the final high.

SPX 30d

Again, once our situation is obvious to all the players, equity markets will quickly go bidless and collapse in a matter of weeks.  Desperate doomed pension funds will pump up the volume.

SPX 2Y

Tuesday, March 21, 2017

Vive Le Pen

It would appear that we are in a larger degree wave 4 than we had suspected, correcting the leg on SPX from 2083 to almost 2401.  This wave should run into next week, roughly toward the end of March, retracing to support near the .382 fib, around the 2280 level SPX.

Marine Le Pen, you're our only hope

Then we can look forward to some sort of political fix with Trump and the GOP, animal spirits, and a rally to finish the mess.

SPX 20D

The shape of the final rally, into the French elections.  Vive la majorit√© silencieuse.

SPX 1Y

Marine Le Pen elected Maximum Leader of the France will of course save that country from demographic peril, at the cost of Europe and the worldwide ponzi credit money system. 

Again, the Fed will CUT in June, as a desperate attempt to staunch the bleeding.  It will only trigger a vicious short-squeeze and halfway-back bounce.  

Then the crash resumes in earnest, and we re-test 666 on the S&P 500.  

New QE rolled out in September.

SPX 2Y