S&P500 Hourly -

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

Have to wonder who's long for value.  Germany's DAX is up nearly 30% in five months - this exchange takes the cake.  Central bankers ruining lives and lying to us that they are there to help - party like it's 1942.

Click on chart to enlarge S&P500 Hourly Gets Ramped By Central Banks In Final Hour

S&P500 Hourly -

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

Channel support broken, MACD fading, bollinger has rolled over.  Let's see if Yellen can focus on bidding up oil and gasoline and give the indexes a rest for next week.

Click on chart to enlarge S&P500 Hourly Falls Sharply During Late Afternoon – More Downside For Monday

S&P500 Hourly -

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

We are getting closer to channel support each day.   Bollinger showing some roll, but we need more downside to get the average turned.  MACD is looking diverged - momentum weak - but we saw plenty of this back in November during the 36 day up trend.  Wait for a confirmation before getting short and do it small - for now.

Click on chart to enlarge S&P500 Hourly Has It’s Biggest Down Hour Since Feb 20 – Central Banks Continuing Bidding

S&P500 Hourly -

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

First hour fall, nothing but up for the rest of the day.  Federal Reserve fraud.

Click on chart to enlarge S&P500 Hourly Displays The Work Of Yellen’s Plunge Protection Team Over The Last Two Weeks

S&P500 Hourly -

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

In two weeks, we'll be into year seven of this bull run.  Maybe central banks can mortgage our future even more and make it eight years.  Technicals here show more upside for next week - but it really comes down to what central banks will do - the Yellenator bloviates twice this week in front of the US Congress and she always likes a green backdrop.  Holding a position going into a binary event can be risky - assuming she will drive markets higher may not hold this time - even the MSM is running out of "after the fact nonsense" to justify these moves higher.

Click on chart to enlarge S&P500 Hourly Tanks On Expiration And Ramps On Yellenator Reversal
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