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.]

Looking at price action around the 15th to today, you can see the damage the Fed has caused by creating the largest market bubble in history.  You can thank the Fed and their $4.5T balance sheet for this crap.  No one likes you Yellen.

Click on chart to enlarge S&P500 Hourly Opens Up Sharply And Fails –  Momentum Is Turning Down

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 Closes On Huge Bearish Engulfing And Long Upper Shadow – Should Move Markets Lower 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.]

Remarkable – no give in the hourly.  One down bar is followed by another up bar.  Move up for the next day (or two).

Click on chart to enlarge S&P500 Hourly Buyers Pushing Up Hard – Expect Move Up 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.]

We may break to channel resistance or above before we roll over for a large scale move down.

Click on chart to enlarge S&P500 Hourly Continues Inside Bear Channel Despite Final Hour Bounce

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.]

Notice the series of lower highs and lower lows?  These often end with huge moves to the downside.  With central banks maxed out, their interference in these markets are diminishing.  We could see this as early as tomorrow.

Click on chart to enlarge S&P500 Hourly Breaks 1985 Support And Bounces Back – More Downside Tomorrow
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