AI
Saturday, June 04, 2016 4:28:25 AM
S+P,and breaking below the 50ma....
I sense the Powers that B want to keep the market propped up now. many potential "failure points" have not failed. these extreme collapses to 1810-1820 bottom, have been rallied right back up. In a more normal looking wave structure,as the Fib pullback zone shows, there is plenty of room to drop and still be comfortably secure at the 1970/1950 area.... but before that the 2000-2020 area has shown support holding. The Fib arcs give a sense of the support pivots that frame the arcs,every key support point held ,from the 1810 bottom to the 2110 top. and every resistance danger point has been easily overcome. Isnt that how a Plunge Protection Team is supposed to work?
theyre doing a great job so far. why they allowed the collapses from 2100 to 1800 area , 3 times already,is a mystery, if they have the power to control price,and hold it wherever they like, they could have chosen not to make or let the S+P collapse down in such big waves,...I'm not sure what the purpose is to bleed the market and prop it back up. over and over.the only pattern discernible to my eyes is this collapse and rally is a grand wave 4,and now we could be seeing the development of the Wave 5 to target 2200/2300 area(pivot points at 2180/2280) and now,once again, the resistance danger zone is mostly overcome, as the latest pullback so far has been very shallow, didnt even touch 2000,reached the weekly 50ma at 2025 and bounces nice....once again. So, If it looks like a rigged market and quacks like one...all I can say is they dont seem intent on crashing the market just yet. these resistance zones, which I know you can see too, these would have been the perfect technical times to collapse down again. but this chart picture in 2016 now, rallied thru the danger nice and easy.
so Ive stopped worrying about the next collapse,in this regard, at least according to the chart. But if I look at the news of the world and the global economic and social chaos developing,it sure seems headed toward a major crash at some point. I remember last fall, when the price action was heading back up to test the 2000 area the danger zone....and when the rally kept going like there was absolutely no problem...I saw then that this rigged market was going to be kept propped up. and theyre doing it again these days. same rally pops and surges thru resistance,nice job PPTeam.
and the fact that they can demonstrate generating or allowing a big collapse from 2100 to 1800 several times and bring it right back up without much trouble, shows that even another 'collapse' back to 1800 ,might be no problem.not when you have control of the game.in this rigged fake market system.
I sense the Powers that B want to keep the market propped up now. many potential "failure points" have not failed. these extreme collapses to 1810-1820 bottom, have been rallied right back up. In a more normal looking wave structure,as the Fib pullback zone shows, there is plenty of room to drop and still be comfortably secure at the 1970/1950 area.... but before that the 2000-2020 area has shown support holding. The Fib arcs give a sense of the support pivots that frame the arcs,every key support point held ,from the 1810 bottom to the 2110 top. and every resistance danger point has been easily overcome. Isnt that how a Plunge Protection Team is supposed to work?
theyre doing a great job so far. why they allowed the collapses from 2100 to 1800 area , 3 times already,is a mystery, if they have the power to control price,and hold it wherever they like, they could have chosen not to make or let the S+P collapse down in such big waves,...I'm not sure what the purpose is to bleed the market and prop it back up. over and over.the only pattern discernible to my eyes is this collapse and rally is a grand wave 4,and now we could be seeing the development of the Wave 5 to target 2200/2300 area(pivot points at 2180/2280) and now,once again, the resistance danger zone is mostly overcome, as the latest pullback so far has been very shallow, didnt even touch 2000,reached the weekly 50ma at 2025 and bounces nice....once again. So, If it looks like a rigged market and quacks like one...all I can say is they dont seem intent on crashing the market just yet. these resistance zones, which I know you can see too, these would have been the perfect technical times to collapse down again. but this chart picture in 2016 now, rallied thru the danger nice and easy.
so Ive stopped worrying about the next collapse,in this regard, at least according to the chart. But if I look at the news of the world and the global economic and social chaos developing,it sure seems headed toward a major crash at some point. I remember last fall, when the price action was heading back up to test the 2000 area the danger zone....and when the rally kept going like there was absolutely no problem...I saw then that this rigged market was going to be kept propped up. and theyre doing it again these days. same rally pops and surges thru resistance,nice job PPTeam.
and the fact that they can demonstrate generating or allowing a big collapse from 2100 to 1800 several times and bring it right back up without much trouble, shows that even another 'collapse' back to 1800 ,might be no problem.not when you have control of the game.in this rigged fake market system.
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