Bear Market

The Fed giveth, the Fed taketh away..

Last month i posted this showing the market was ripe for a correction.

Now, that’s exactly what is well underway as the Fed is trying it’s best to tank the market. And with nothing but air below until roughly 1790 support we may just see QE4 before any rate hike..

Here’s the ultra long term Emini monthly chart I’ve occasionally posted previously as it has developed. Now showing yet further confirmed downtrend.. Once again around 1790 is bottom of this channel..

 

Daily Emini S&P 500 Futures

ES-M-Doom

Daily Emini S&P 500 Futures

Alas..1790 here as well..

ES-Doom

 

 

The best charting teacher I know:
The Morning Analysis Service by Paul Coghlan
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