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OBAMA WINS... says prediction markets.

OBAMA WINS ELECTION «

These daily charts are still breaking down & overdue sell off expected after Obama victory -
SPX / CRUDE / COPPER / GOLD / SILVER / EURUSD / AUDUSD

USD will rally.
 
SPX H+S on daily chart continues ~ very bearish pattern.

SPX also shows probable H+S on weekly chart.

This bearish impending price action will comprise the first installment of the very overdue Wile E. Coyote sell off.

As mentioned, the previous SPX meltup devoid of healthy retracements has caused this coming crash.

One can only stretch the bungee cord so far before it reacts...
 
WILE E.COYOTE crash update:

SP500 head & shoulders formation on daily chart continues.
SP500 weekly chart also shows likely head & shoulders.
DOW monthly chart shows bearish rising wedge.

The current bearish price action comprises the first installment of the very overdue Wile E. Coyote sell off.

As mentioned, the previous SPX meltup - devoid of healthy retracements - has caused the coming crash.

One can only stretch the bungee cord so far before it reacts...

Look Out Below.
 
WILE E. COYOTE crash update:

As mentioned, equity outlook is increasingly bearish now election is over.
SPX / DOW / NASDAQ daily chart downtrend continues.
SPX H+S pattern on daily chart continues.
SPX likely H+S on weekly chart continues.
AUDUSD daily chart rising wedge confirmed (ie bearish)
Wildcard ~ possible EURUSD rally if bullish news is announced.
 
SPX bearish consensus strengthens today.

The overdue Wile E Coyote sell off is inevitable and will occur once we get a suitable trigger imho.
 
COPPER & GOLD refusal to participate in equity rally warning - now confirmed.

DOW daily chart bearish rising wedge scenario returns.
 
Fiscal cliff equity & commodity bears dominating further today.

Importantly, the Wile E. Coyote scenario awaits no matter what eventuates with the fiscal cliff.
 
Reminder ~ the Wile E. Coyote scenario awaits.
Whether it’s caused by fiscal cliff, debt ceiling, Europe or something else, it doesn’t really matter because as noted before – another crash is guaranteed.
It’s a no brainer.
Charts don’t lie.


FTSE daily chart still shows impending Wile E. Coyote waterfall sell off.
SPX & NASDAQ daily chart bearish megaphone wedge mentioned last week indicates big move ahead.
 
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