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

Thursday, March 9, 2017

Beware the Ides of March?

Short-term SPX is looking at an expanding-wedge pattern that could blow-off upward in a very violent fashion.



This would reach resistance at 2440 as soon as late in the session Tuesday, like so:

SPX 60d

The response post-FOMC and renewed fiscal crisis, looks like this:

SPX 2y

And the long term count since the 2009 (year) lows:

SPX 10y

Friday, March 3, 2017