"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, November 18, 2011

SPX daily, blown up view...

A perfect bounce up to the EMA 50 and a very dangerous market. 

This is a technical breakdown, but somehow I do not trust these creeps (desperate and conspiratorial global policy makers) not to meddle, nor this pig (former free market gamed by droids, bots, cyborgs, black boxes and crack heads) not to respond positively. 

All that said, the burden is on the bull side to negate what happened yesterday.  SPX is right smack on 1220, AKA critical support.
















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