S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Click on chart to enlarge S&P500 Hourly Shows Nothing But Vertical Ascent – Reversal Should Come Tomorrow

S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

 

Click on chart to enlarge S&P500 Hourly Bounce Of 24 Points In Final Hour Makes For An Odd Up Day

S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Aside from the technicals and the mood, there are plenty of lower shadows appearing followed by continued selling the following hour.  This is very bearish.  Buyers push up one hour and get crushed the next.  The central bankers and other financial institutions appear to be trying to game this market back up, but are failing this time around.

Click on chart to enlarge S&P500 Hourly Declines In A Nice Orderly Manner – More Downside To Follow Next Week

S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Another Chinese bond issuer went bankrupt this morning – just another sign of the detached price movements of these markets.  For those who think it’s HFT moving these markets, guess again – it’s Janet Yellen and the US Fed.  Another V-bottom.  The US Fed wants to keep these markets up regardless of how miserable the global economy is.  It appears that HFT was yet another orchestrated distraction by the media to draw the attention away from the destructive US Fed.

Click on chart to enlarge S&P500 Hourly Climbs Back To Bull Channel Support – More Upside Likely Tomorrow

S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Click on chart to enlarge S&P500 Hourly Continues Below Channel Support – Key 1840 Support Should Fall Tomorrow
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