Brexit, Pursued by a Bear

Extra credit if you caught the literary reference in today's title.

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The five tops hang from the Spiral not unlike an Alexander Calder mobile.

Mobile c.1932 Alexander Calder 1898-1976 Lent from a private collection 1992 http://www.tate.org.uk/art/work/L01686
Mobile c.1932 Alexander Calder 1898-1976 Lent from a private collection 1992 http://www.tate.org.uk/art/work/L01686

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Five Bearish S&P Charts

Add up to a sell now.

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060916spiral

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Unfolding perfectly here.

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The intraday 135-minute RTH eMini chart issued a net-line sell this morning. The target is now at 2085.

061916spxD

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If that 2085 target is reached in the next few days, it implies a likely trigger of the 2094 daily net-line. A confirmed sell on the daily will target 2020, or a 4% decline from current levels.

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The combined Solunar/Tidal is a few days away from a very negative, three-week period.

Weekly Update

The Money Pump is still printing.

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The Money Printing Pump - not bearish. The bankers are getting less bang for their buck here though.

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detail

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Gold is cheaper AFTER it went up $30.

060516spxAD

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Cheap Buck

This week sees both Solunar and tidal forces pointing down together for stocks. Some weakness expected, charts are inside for subscribers.

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The buck is cheap versus the yen on a relative money-printing basis.

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Either gold or the dollar is cheap here - pick one.

052916spxAD click chart to enlarge

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