Bearish Rising Wedge

Bearish Rising Wedge

Stocks tumble 1% to end at lows as DC worries linger, Dow drops nearly 160; The Vix got above 20 today too. Take a look at the SPY Chart below. An interesting pattern has set up.

There seems to be a bearish rising wedge on the SPY, and it looks to be in a bit of trouble here. I guess the bullshit out of wall street and obamas mouth is finally taking its toll on these markets. Say no more, a break below the rising support line is bearish in my book.

bearish rising wedge

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Listen To Martin Armstrong

Listen To Martin Armstrong

 Driving in my car, I was listening to an audio, that really scared the heck out of me. 

He was talking about BEN BERNANKE and what a minion boy he is, we all know he is just taking orders from those at the top right?

Martin Armstrong make some pretty wild predictions in his day, and many people laugh at him. However I am not one to laugh and scoff. WHY? Well, Everybody laughed at him when he said the Berlin Wall was coming down in less than 90 days and IT DID. He Also called for the breakup of the Soviet Union as soon as the Wall came down. they laughed at that as well, but IT ALSO HAPPENED!

What is he prediction this time? : Well, it may shock you to the core, however he is saying - The next Fed Chairman will be the LAST Fed Chairman...he has been pretty good about some of those types of calls. 

Correct me If I am wrong, but it sure looks like we have some historical times coming. 


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