claydoctor

SPY dejavu 2011, hoping it isn't really 2008 or worse II

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
0
Closer in we see previously December 2013 a smaller "V" set up, with a trailing ABCD pattern. Cloud, megaphone, bollinger set up the same also. MACD, RSI, Williams all "overbought". For SPY and the markets in general to continue up will scare me even more since this will mean there is absolutely no bond anymore between the economy and the markets... will mean a few are totally manipulating everything for the "elite" to continue to accumulate wealth before the "great collapse" of our financial system, and the birth of the planned new system born out of "desperate need" - because that is the only way it could be accepted by the masses. That would mean, although well intended, QE saved us all from ruin, but only delayed what should have happened, so that the major players could all get ready for it this time around. If that is so, then "may their children forgive them". I really, really, really hope I am wrong in this speculation. Either way we are dipping, correcting, or collapsing here.
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