Tuesday, May 19, 2015

Charts 05-19: When do the Greek deadbeats exit?

Just a quick short-term chart.  SPX is bumping up against its daily Bollinger Band again -- up at 2135 SPX this morning.

How bubbles end

SPX 05-19

Of course, 2138 SPX is the perfect 1.618 fibonacci  extension upwards of the 910-pt bear cycle from 2007 into 2009.  Maybe it is of sentimental value to the algos out there.

Here be monsters.

10Y Note Monthly


Anonymous said...


Christian Gustafson said...

Yah, something or other has got to force the issue for the Fed here.

Bryan Franco said...

getting really bored of this. i want a market back.

Bicycle said...

the crash of 2008-2009 rejected off the inflation-adjusted high from the mid-1960's and we are RIGHT NOW hitting resistance from a trend drawn from that 1960's high through the 2007 high and also the initial kiss back from the 1929 crash

if we fail here seems like the next mega resistance will be the old inflation adjusted 1929 and 1987 tops


Anonymous said...

Love the Nietzsche references Bicycle.

"The earth hath then become small, and on it there hoppeth the last man who maketh everything small. His species is ineradicable like that of the ground-flea; the last man liveth longest."

Anonymous said...



Bicycle said...

5-for-1 reverse split.

Anonymous said...


Christian Gustafson said...

Yah, teh reverse-split was scheduled for the 20th. It does this so it can have another -$5 day or three ahead.

TVIX still under a buck if you need a cheap VIXXY vehicle.

One of these days they'll just run TVIX down to $0 and call it a day.

Anonymous said...

Just when I thought it couldn't get more boring. Really tedious.