10 Jul 2015 - Stagnation.. A Road To Nowhere.

With these high volatile seesawing of prices, one needs to wonder if even day traders are making money on this or is it just too risky.  Greece has repeatedly said no, yet is willing to negotiate on nothing.  There is no way out that could end well, and both sides need to face the facts.  China is in a hurt of their own, and many in conclusion that its highly manipulated.  I really just think it's TIME..

Same scenario, same outcome, just a different country if you ask me...

I am still looking for a wedge formation to form to finish off the first stage of this draw down that started in late May.  2040 in the SPX seems to be a good support and could exceed it by a fraction.  Any break of this is a warning sign that markets are on thin ice.  The SPX has closed the week just below unchanged and on that note, the weekly support that it is on right now is right on its 30 week moving average.  The next support I am watching is its 75 weekly moving average just below 2000 SPX.

MT: DOWN
ST: DOWN
PA: DOWN