E-Mini S&P 500 Futures Options 26 Point Opening Gap!

Okay, what follows is my pre-election rant.  For those of you who are sick of politics, or are fans of HRC, you might want to skip past this until you find my usual chart analysis starting below ‘</rant>’.  Remember, you were warned…  😉

 

After news broke that Hillary Clinton will escape prosecution by the FBI and the DOJ for her latest scandal, her pals made a statement by driving the E-Mini S&P 500 Futures Options up 26 points in the thinly traded overnight session.  That futures jam has lead to more than 300 points on the Dow Jones Industrial Average as I type.

I have stated here many times that futures options are the tail that wags the dog in the financial world.  Here is yet another demonstration of that principle.  It certainly appears that the entire globalist socialist world has aligned behind their chosen candidate and knowing that…it is absolutely stunning that the race is even close considering the powerful forces aligned by the elitists and their ragtag alliance of government-dependent miscreants on the one side against the common man and taxpayers on the other.

You readers would scarcely believe the (mostly good-natured–but at other times downright ugly) abuse I have taken from friends and family over my support of the anti-globalist in this election.  I dared to speak out early on amongst polite company about my reasons for choosing against the establishment choice.  Now, understand that most of the people I run with are very successful and many are wealthy individuals.  Each of them has prospered tremendously in their investments since 2009 and they realize that the safest choice to keep the current gravy train running is the candidate who undoubtedly has the support of every denizen of Hell and Satan himself.

Consider that the HRC campaign has had thousands of people combing through every record, every past transaction, interviewing every past acquaintance–and the best they can throw at the opposing candidate is a frat boy braggadocio video engaging with a member of the Bush clan followed by some obviously fake and easily debunked claims.  Really, that’s all they have?

Now, HRC’s many many MANY scandals are well-known by us old-timers, but much less so by the young delicate snowflakes spawned by the socialist controlled public school and college propaganda mills.  It matters not to an immoral people that their ‘leader’ has publicly broken every last commandment of morality…and then laughed at all of us as she repeatedly skates away unscathed as others suffer and die.  What may be less known to many out there are the satanic connections of this bunch…don’t believe me?  Google the term ‘spirit cooking’ and then get back to me.  If that isn’t enlightening (and disgusting) enough then try looking up Jeffrey Epstein.  Still not enough?  How about following up by reading this thread on the Wikileaks investigations at: https://sli.mg/a/hhe7CP  Even the most debased among us surely opposes pedophilia.  If you read this and still vote for that despicable woman, then please don’t try to pass yourself off as a ‘good person’ ever again–because what you truly are is an enabler and an endorser of pure evil.

John Adams wrote in 1815 that by his reckoning there were about one-third equal parts of loyalist, patriots, and undecideds during the first American Revolution.  My assumption is that we are likely sitting on a roughly equal distribution today ahead of the election.  The ‘loyalists’ today give their allegiance to the global socialist new world order where a very few control nearly everything.  The loyalists today, like their eighteenth-century counterparts, like their comfortable lifestyle and don’t want to upset the status quo.  The ‘patriots’ of today are those who love their country and the moral principles it was founded upon.  They just want to see a sense of fair play returned and loathe the elites who see themselves as above the law.  The ‘undecideds’ are those who lack the mental or moral fortitude to choose a side for themselves and are instead driven by herd mentality and a desperate need to be accepted by the ‘cool kids’ (who still think they are idiots and laugh at them behind their backs).

Win or lose tomorrow, it is absolutely stunning that one man has taken on the entire establishment–who currently control entire governments, the world’s media, the banks, the financial markets, almost every major corporation, and on and on.  We are going to find out a lot about ourselves in the results tomorrow.

I love this quote (which I have slightly modified)…

You pundits just don’t get it.  Trump isn’t just our candidate, he’s our murder weapon and the entire global socialist elite establishment is our intended victim.  Are we good now?

No matter what happens, the sun will still rise the next morning on November 9th and we will all carry on with our lives.  But it will be a very different future depending upon which candidate wins.  It has been a VERY long time since this country has had a true choice that was not a ‘head’s we win, tails you lose’ illusion of hand-picked and pre-selected puppets. This year was supposed to be Jeb versus Hillary.  They are just two sides of the same globalist-loving Uniparty coin.  Trump screwed it all up for them and they are NOT happy about it.  My thesis is that Hillary was always supposed to be the designated loser in this campaign.  She was the only candidate that a low energy dolt like Jeb could have beaten.  Trump likely had the inside scoop of the arrangement beforehand and made his move to cut Jeb out of the deal in the primary.  Hillary was supposed to be weakened by Sanders but limp through to be ‘beaten’ by Jeb, and the Republicans were to get their turn driving the Washington DC Uniparty.  That’s why GOPe never-Trumpers like Bush, Romney, Ryan, et Al are so ticked off.  Trump has outplayed these feckless suckers at every turn.  He has also outed the globalists in such a way that they will never again be able to play the old comfortable game as they have.

So, that’s my pre-election rant.

</rant>

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And now, with my pre-election rant finished…let’s take a look at the broad market using the S&P 500 E-Mini Futures in multiple timeframes, starting with hourly bars and progressing out to monthly bars on the last chart…

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E-Mini S&P 500 futures screen-shot-2016-11-07-at-11-48-24-am

 

The hourly-bar chart above shows overhead resistance on the latest stop sweep/reversal play presaged in my last post.

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Stops and Targets S&P 500 Futures 11-7-16

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Stops and Targets screen shot above shows the opening gap into a buy zone targeting 2185, but the trend would reverse on a move back under the key line of 2100.25.  This is a classic stop sweep/reversal play but with the added twist of a giant gap up to trap the unfortunate bears who shorted into the stop sweep.

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Stops and Targets S&P 500 futures screen-shot-2016-11-07-at-11-55-29-am

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Daily bar/range chart shows the gap-and-go move and resistance points at the ST trident channel (dashed dark red) and short-term trendline resistance (solid red trendline).

The short-term primary trend line is currently at 2149.75.  That is the line the pros would eventually need to take out to officially reverse the downtrend.

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Stops and Targets weekly bar ES futures screen-shot-2016-11-07-at-12-00-11-pm

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Here is the weekly bar ‘roadmap’ chart that has accurately predicted every major buy setup since the start of this engineered bull market in 2009.  Point number 9 was pointed out in my last post.  This is a classic stop sweep/reversal setup and if 2100.25 holds up as support then new all-time highs would be the next target.

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S&P 500 E-Mini futures screen-shot-2016-11-07-at-12-06-41-pm

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And finally, the monthly bar chart above shows the structure that I believe the pros have been building since 2009.  If the market continues to new highs, then the ultimate projected time/price target is ES 2525 (continuous contract pricing) around April of 2018.

…my .02

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