Cocoa

2 possibilities I see

Dax

meant to post this yesterday....ema convergence

http://www.peakprosperity.com/blog/93665/deflation-winning-%E2%80%93-beware


"So that’s what we’re looking for here at Peak Prosperity: a deflationary crunch savage enough to scare the central banks into opening the monetary spigots even wider. But this next time, we think they’ll seek to goose economic growth by giving money directly to the people as well as non-bank corporations.
And we think that deflationary bust has already begun. Our record-high stock markets simply somehow haven’t gotten the memo yet."

S&P - a critical week

http://www.globalresearch.ca/global-derivatives-1-5-quadrillion-time-bomb/5464666

BKX

some observations on BKX,the US banking index

BKX peaked at 121,bottomed at 18...............the 61.8% retracement is 81

121 is 11 squared.....81 is 9 squared.....so there is lots going on if you follow the square of 9
121-81 is 40
40 is 33% of 121 (40.3) if you wish to be exact)
81 is 4.5 x 18
there are 7 cycles of 9 from 18 to 81.......7 is a terminal cycle
so 81 is not a level to be taken lightly....we got to 80.87 last week

SPX

http://www.armstrongeconomics.com/archives/35308   

The Tax Hunt for Loose Change – Germany To Cause Mass Exit of Existing Assets

short setup on cable

Gold

this is Jesse's chart (Cafe Americain). There was a nice bullish hammer on Friday. It is interesting that gold found support at 10.80 and silver at 14.40,both important multiples of 36.0 (Gann)

S&P

Bingo !

here is a close up on yesterday's chart setup on RRS. I am watching this (and Hecla Mining) closely for reversal confirmations

interesting cycle chart from MP

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv6qnPkn83MikbvsllyY-mgPmzDznIb10imcuJs4qdCc_cx4USmfZC4y9QTvlHTbC6P1vu4EyTLCDBWKjuVBids9oZl6_29sJMwM83SzxtggTOMGQmB_O1XNlCbBWGmQ9hixd7FhQtgzmM/s1600/spx.png

SPX

We reversed on Tuesday,so I was a day out....(see last Saturday's post)
There are now 3 failed breaks of 2120 and another evening star reversal pattern

RRS

The area around 38 is important support,50% of the high and 66% of the 2015 high. This is the 3rd time at this level

Dax

Another lower high in place.A gap fill looks likely after which it may attempt to rally but if we are in a C wave there is a possibility of a rapid move down to indicated support around 10000.That seems unlikely currently so there would have to be a news event

 

perhaps something like this is a possibility ? The 200 dma is around 10800 and rising

nice Dow chart from SoulJester

Hecla Minining (silver)

looking likesome kind of exhaustion low

http://www.sprottglobal.com/media/77964/eric_sprott_on_greece.mp3   thanks to Wile for link

http://internment camps for disloyal Americans.....Orwell's 1984 moves ever closer

globaleconomicanalysis.blogspot.co.uk/2015/07/democrat-nutcase-former-us-presidential.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

Exas

a popular growth  stock on a certain chatboard.Appears to follow the Gann square of 144 well and clearly didnt like it above 28.80,as evidenced by the gravestone doji.Nice macd divergence

Neil Clark ‏@NeilClark66 31 mins31 minutes ago

This is quite brilliant: “An Open Letter to Britain’s Leading Violent Extremist” by @NafeezAhmed https://medium.com/insurge-intelligence/an-open-letter-to-britain-s-leading-violent-extremist-david-cameron-abb568861784 …?

the red Gann line is resistance,blue ones are support. Could be we are finishing A of an ABC 3 month rally into October ?

http://www.zerohedge.com/news/2015-07-19/governments-worldwide-will-crash-first-week-october-%E2%80%A6-according-2-financial-forecast

An excellent must read article from Michael Noonan

http://edgetraderplus.com/market-commentaries/gold-and-silver-without-either-you-will-be-greeced

"We covered this ground before:  Greece was loaned nothing of value.  Nothing.  Just fictitious digitalized numbers created at the whims [actually the purposeful direction of the elite’s bankers] of the IMF/EU, [off by one letter, the “E” should have been an “F” to more accurately describe what happens to the populations of member countries].  [See 17th paragraph from article Elite NWO Checkmate.]  Now the bankers want to be repaid  in tangibles, like the country of Greece itself, the Greek banks, and whatever else can be siphoned from the economically broken backs of the innocent Greek people.
Where will the billions of new loaned  money to Greece go?  Not to the people, not to rebuilding Greece.  It will be recycled back to the creditors to keep the facade of bank solvency alive.  This is a joke that is not laughable.
Lend nothing, take back everything not nailed down.  It has been the Rothschild formula for centuries.
Pay attention.  We have said this before: the elites and their bankers take no prisoners.  They could care less about people.  All the elites care about is taking total control of the currencies of every country in order to bring that country to its financial knees and totally beholden to the dictates of the moneychangers.
 The obvious, unstated and perhaps unnoticed point is the the Euro currency is a total fiat totally controlled by the bankers.  Hello, Europe?!  The sole purpose of the EU is to enslave all Europeans.  Is everyone oblivious to the obvious?"

Ftse

http://theartofchart.net/2015/07/18/nikkei-deaths-door-is-wide-open/

http://jessescrossroadscafe.blogspot.co.uk/2015/07/shanghai-gold-exchange-sees-618-tonnes.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29


The dumping at market of very large amounts of paper assets into quiet market hours has been well documented in many places. It is a well worn market manipulating strategy abused by some very large trading desks, often playing with other people's money. Citi privately called it their 'Dr. Evil Strategy.'

It is funny how the systematic rigging of so many financially related markets has been revealed, but the blatant manipulation of the precious metals market, which is certainly knowable by anyone with a basic knowledge of the markets and a computer terminal, is so willfully ignored. A love of money, lust for power, and a lack of integrity will alloy to make people hypocrites.

When we see such trash articles being written, and passed along mindlessly by those who yearn to warm themselves by the fires of the oligarchs, we know that gold has cast a cold fear into the hearts of those who would be kings, and their privileged servants.

And considering the long, cynical rally in paper assets that culminated in the financial crisis of 2008, when people start believing in the power of fraud and willful distortion of markets, we can only say as we did then, this will end badly.

A man cannot serve two masters. He will love the one and come to hate the other.  You love what you serve.

doji on day 7 at the April high ,should reverse on Monday (see Thursday's post)

something like this would be actionable imo,were it to occur,but its not a forecast .This is the Sep futures contract .....

resistance at the trendline intersection then at least a pull back ?

long term regression channel

6 day moves....

important support levels for gold

http://www.newstatesman.com/world-affairs/2015/07/yanis-varoufakis-full-transcript-our-battle-save-greece

http://www.shiftfrequency.com/greek-debt-too-odious-to-pay/

Cocoa

last weeks sell trigger didn't followthrough....now looking to sell a break of the 4 bar low (purple line)

here is the 60 min chart (from Ron Walker ) that I have been posting,with some new lines following todays bullish break of resistance. We are back in the choppy range again. Bulls need to see a higher low confirming the lower red line is now support.

Dax

Ftse

Ftse daily with 50 dma 50 and 62% retrace levels,wondering if we can get a reversal below 62% level tuesday or wednesday
the gap is well and truly filled now anyways

 http://www.newstatesman.com/world-affairs/2015/07/exclusive-yanis-varoufakis-opens-about-his-five-month-battle-save-greece

interesting....I remember hearing years ago that economic argumnets were not listened to when the structure of the EEC was being determined.....it seems the same mindset is at play....in other words there is another agenda and always has been

"It is well known that Varoufakis was taken off Greece’s
negotiating team shortly after Syriza took office; he was still in
charge of the country’s finances but no longer in the room. It’s long
been unclear why. In April, he said vaguely that it was because “I try
and talk economics in the Eurogroup” – the club of 19 finance ministers
whose countries use the Euro – “which nobody does.” I asked him what
happened when he did.
“It’s not that it didn’t go down well – there was point
blank refusal to engage in economic arguments. Point blank. You put
forward an argument that you’ve really worked on, to make sure it’s
logically coherent, and you’re just faced with blank stares. It is as if
you haven’t spoken. What you say is independent of what they say. You
might as well have sung the Swedish national anthem – you’d have got the
same reply.”

(thanks to Airyk for the link)

http://www.safehaven.com/article/38242/gold-and-silver-greece-needs-money-money-does-not-exist  Michael Noonan

http://www.armstrongeconomics.com/archives/34854


Armstrong on "Climate Change"

TSLA

on the weekly chart there is a gap fill and a twin towers reversal pattern formed this week.Here is the daily ,with a doji ,island reversal and what looks like a bear flag

https://firstlook.org/theintercept/2015/07/02/op-ed-amnesty-international-responds-u-k-government-surveillance/

Our concerns about mass surveillance are not limited to human rights organizations. Mass surveillance is invasive and a dangerous overreach of government power into our private lives and freedom of expression. In specific circumstances it can also put lives at risk, be used to discredit people or interfere with investigations into human rights violations by governments.

We have good reason to believe that the British government is interested in our work. Over the past few years we have investigated possible war crimes by U.K. and U.S. forces in Iraq, Western government involvement in the CIA’s extraordinary rendition program, and the callous killing of civilians by U.S. drone strikes in Pakistan. It was recently revealed that GCHQ may have provided assistance for U.S. drone attacks.

The obfuscation, secrecy and determination to avoid any meaningful oversight is worthy of a tin-pot dictatorship. It is time for serious public scrutiny of the behavior of the British government. We need to know what surveillance programs the government is operating, what spying they consider to be fair game, and why.

http://www.davidicke.com/headlines/spanish-government-goes-full-police-state-enacts-law-forbidding-dissent-and-unauthorized-photography-of-law-enforcement/

Ndx

http://www.washingtonsblog.com/2015/07/journalists-complicity-in-hiding-those-guilty-for-mh17.html

"The MH17 shoot-down occurred within the context of U.S. President Barack Obama’s frustration at the EU’s reluctance to increase economic sanctions against Russia, and the downing of this plane was used as the excuse for increasing those sanctions, and it worked — his (and Ukraine’s) ‘explanation’ of the event was accepted right away (though the official ‘investigation’ still has not been completed, if it ever will be). So, this was one of the cardinal historic occurrences in 2014. Anyone seriously interested in the history of our times will need to determine for him or her self how that airliner was shot down. Understanding this event accurately will then open doors to an accurate understanding of our times, and of the world we live in. Not only the victims’ families need to know the truth about this. We all do, actually."

breakdown from extended distribution...

chart by Ron Waker,with my annotation

Cocoa

Ftse

this is one ugly chart....

The Dax broke the 3/8 retracement of the major range yesterday.I am still targetting 50% around15/16th July with the 5/8 line possible if there is more extreme selling

Ftse....7 week "death zone" ? (Gann)

here is the 250,which has been more resilient

This is from the comments section of a You Tube video on Aaron Russo and I thought it good enough to post here

"Putting the global elite in perspective is hard because it is a network of interlocking groups and intermarriages between elite families. A recent read helped me some: America's Secret Establishment, An Introduction to the Order of Skull and Bones by Antony Sutton, research fellow at the Hoover Institute at Stanford U.


Sutton says: The Illuminati was founded at the University of Ingolstadt and operated in Germany. The Group was founded at All Souls College, Oxford University and operates in UK. The Order was founded at Yale University and operates in the United States. The Club of Rome was founded at Accademia dei Lincei in Rome. Of course the Politburo operates in Russia. What all these have in common is the promotion of the New World Order--one global government. Now imagine dozens of splinter organizations promoting the ideas of each of these in dozens of different countries. Imagine how they draw in the top people from technology, the military, academia, politics, the banking industry, the media in meetings like Bilderberg. Then cover it all with a cloak of secrecy and darkness. Then cover it more with a media blitz of propaganda. Is it any wonder that it is not so simple to identify "the global elite?"

 http://www.zerohedge.com/news/2015-07-02/how-greece-has-fallen-victim-economic-hit-men

What happens once these countries that are targeted are indebted? How do these major powers, these economic hit men, these international organizations come back and get their "pound of flesh," if you will, from the countries that are heavily in debt?
By insisting that the countries adopt policies that will sell their publicly owned utility companies, water and sewage systems, maybe schools, transportation systems, even jails, to the big corporations. Privatize, privatize. Allow us to build military bases on their soil. Many things can be done, but basically, they become servants to what I call the corporatocracy. You have to remember that today we have a global empire, and it's not an American empire. It's not a national empire. It doesn't help the American people very much. It's a corporate empire, and the big corporations rule. They control the politics of the United States, and to a large degree they control a great deal of the policies of countries like China, around the world.

http://time-price-research-astrofin.blogspot.co.uk/2015/07/greek-referendum-logistics-provided-by.html

with all thats going on in Greece,a timely reminder.....

Dax

current best guess for the Dax.I like 50% in price meeting 50% in time.I like 6 months up,3 down.I like spike and recover of 200 dma scenario....but only a guess

 it would be unusual for a further sharp decline to occur with the 200 dma rising so sharply (although it happened in 2011).....so volatility that allows the 200 to flatten out,may be required for this index...

edit here is another chart ,with Gann angles and a more refined price time target

GSK

http://www.washingtonsblog.com/2014/02/british-spy-agency.html

http://www.washingtonsblog.com/2015/07/government-trolls-are-using-psychology-based-influence-techniques-on-youtube-facebook-and-twitter.html

"Have you ever come across someone on the Internet that you suspected was a paid government troll?  Well, there is a very good chance that you were not imagining things.  Thanks to Edward Snowden, we now have solid proof that paid government trolls are using “psychology-based influence techniques” on social media websites such as YouTube, Facebook and Twitter.  Documents leaked by Snowden also reveal that government agents have been conducting denial-of-service attacks, flooding social media websites with thinly veiled propaganda and have been purposely attempting to warp public discourse online.  If we do not stand up and object to this kind of Orwellian behavior, it is only going to get worse and worse."

http://www.armstrongeconomics.com/archives/34342

Cocoa

The ED I mentioned appears to have broken,break of the 100 period ema on the 2 hour chart should confirm a possible top is in