Morning Charts 07/28/2017 SPX /es

GDP - not sure why after all these years of terrifically overstated hyped BS numbers why anyone would even give a darn about the GDP announcement this morning. If I had to guess I'd say cut whatever number they generate in half and that will be closer to reality.


On to the lie -

SPX 5m - Blue rising wedge breaks down to wedge target line closing the island and lower gaps. This little wedge is at the top of the larger wedge below.

SPX 30m - Break down to 50% diagonal of larger rising channel. 

More to come below.

Have a good day.

GL and GB!