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S&P 500 Breaks Below Key Technical Support

Tyler Durden's picture




 

The S&P 500 has broken back below its 200-day moving average once again...

 

 

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Wed, 08/19/2015 - 10:51 | 6443608 Osmium
Osmium's picture

Cue the Bulltard

Wed, 08/19/2015 - 10:53 | 6443613 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

At this point, what difference does it make? 

Wed, 08/19/2015 - 11:32 | 6443777 Pool Shark
Wed, 08/19/2015 - 15:10 | 6444710 Bastiat
Bastiat's picture

The relentless, unwarranted and sexist attacks on Hillary have caused investors to become depressed.  What future is there for a country where a person of this caliber can be subject to such abuse?

Wed, 08/19/2015 - 10:54 | 6443620 Newsboy
Newsboy's picture

Diversify into kitchen gardening and window screens.

Wed, 08/19/2015 - 10:57 | 6443634 madcows
madcows's picture

As the creator of the "Bulltard" moniker, please be so kind as to give credit to the Cows.  I haven't copyrighted it, or anything.  I'd really like to keep it in the public domain.  I'm just looking for a little recognition.  Float my ego so to speak.  Thanks.

 

And, remember.  Never go full Bulltard.

Wed, 08/19/2015 - 11:53 | 6443870 LawsofPhysics
LawsofPhysics's picture

"Never go full Bulltard" -- 

 

 

1) put that on a damn T-shirt

2) sell said T-shirt for $100

3) profit.

Wed, 08/19/2015 - 14:47 | 6444621 Tall Tom
Tall Tom's picture

Trademark it. You forgot to trademark it.

 

"Never go full BulltardTM "

Wed, 08/19/2015 - 11:44 | 6443843 PlayMoney
PlayMoney's picture

PPT guys are at lunch. Just wait til they get back.

Wed, 08/19/2015 - 10:53 | 6443612 pods
pods's picture

Broken back mountain.

Of course, Muppets will be the ones getting fucked.

Do not pick pennies up ahead of steamrollers. Buy gold.

I think we are like 40 minutes away from the reversal correct?  Isn't the daily turnaround ~11:30 EST?

pods

Wed, 08/19/2015 - 11:09 | 6443693 Hype Alert
Hype Alert's picture

We get FED minutes this afternoon. Everything has indicated they're on board with a Sept liftoff.  Expect some "oh shit" moments as this is their last chance at an exit.

Wed, 08/19/2015 - 11:30 | 6443768 r101958
r101958's picture

Sometimes 2:30p Europe close melt up.

Wed, 08/19/2015 - 12:07 | 6443937 KnuckleDragger-X
KnuckleDragger-X's picture

Custer rallied his men at the Little Bighorn and I expect the same now, and with the same outcome....

Wed, 08/19/2015 - 10:56 | 6443626 LawsofPhysics
LawsofPhysics's picture

Smart money is long gone, time to "re-balance" those 401k's you stupid sheep.  Not that you will ever see any of that money...

Wed, 08/19/2015 - 11:00 | 6443649 jakesdad
jakesdad's picture

got out last week - hung around a lot longer than I wanted but escaped unscathed.

 

munching popcorn & waiting for the fire sales to begin!

Wed, 08/19/2015 - 11:01 | 6443658 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

It's such a scam...I have wanted to take out my Wife's 401k for years (took mines out long ago - when I quit) but of course you can't as long as she's working. Oh you can take a "loan" and tehn it's taken out every check at 4% interest until it's paid back. Such bullshit, I told her we will never see that money, it's free gambling for the fuckers on wallstreet and ther is nothing we can do to stop it.  

Wed, 08/19/2015 - 11:06 | 6443678 LawsofPhysics
LawsofPhysics's picture

Correct, now that we are in a "global market", we all get to experience global Weimar, or basically a global "let the majority eat cake" monetary experiment.

We all know damn well how that turns out.  Sad considering the technology and skilled labor that could be put to much better application...

Let's hope the "rich" taste good anyway...

Wed, 08/19/2015 - 10:57 | 6443632 firstdivision
firstdivision's picture

Someone get K-Hen out of the fucking bathroom and answer his damn red phone.  My longs are suffering here.

Wed, 08/19/2015 - 10:57 | 6443633 RadioactiveRant
RadioactiveRant's picture

Im waiting for NBI to crack, up a mere 350% in the last 5 years, S&P has only managed 85%.

Wed, 08/19/2015 - 10:58 | 6443642 Quintus
Quintus's picture

Yeah - sure.  That'll be allowed to stand.  Looking into my crystal ball I see a huge closing ramp in the not too distant future.....

Wed, 08/19/2015 - 10:59 | 6443644 Bill of Rights
Bill of Rights's picture

It puts the lotion on its....oh never mind

Wed, 08/19/2015 - 11:01 | 6443661 Dr. Engali
Dr. Engali's picture

Can't find a single technical indicator that doesn't suggest that this pig wants to roll over, which means it's probably time to buy since the central planners have destroyed the use of technicals.

Wed, 08/19/2015 - 11:07 | 6443681 LawsofPhysics
LawsofPhysics's picture

Yes, what part of NO price discovery don't people understand?

Wed, 08/19/2015 - 11:31 | 6443771 Hype Alert
Hype Alert's picture

Break out the deer in headlights pics. 

 

Nobody saw it coming. 

Just as the economy was starting to turn. (one of my favorites)

who's two funds nearly collapsed.

Wed, 08/19/2015 - 11:05 | 6443672 buzzsaw99
buzzsaw99's picture

there is no moving average, only zirp

There is no Dana, only Zuul. [/Dana, Ghostbusters]

Wed, 08/19/2015 - 11:28 | 6443761 Dr. Venkman
Dr. Venkman's picture

True Story.

Wed, 08/19/2015 - 11:41 | 6443816 medium giraffe
medium giraffe's picture

 

 

Oil: tanking

S&P: tanking

FTSE: tanking

PMs: yes please

 

interesting day.

 

 

Wed, 08/19/2015 - 11:56 | 6443887 Hubbs
Hubbs's picture

Here comes the PPT to save the daaaaay!!! (sung to the tune of Mighty Mouse.)

Wed, 08/19/2015 - 12:53 | 6444151 TheSkipper1967
TheSkipper1967's picture

There she blows (figuratively not literally). Well maybe there was some dude that was gellen with Yellen in her high school years.  

Wed, 08/19/2015 - 15:35 | 6444825 Really20
Really20's picture

Gold isn't going to save us. It is inelastic and its scarcity is what drove the creation of the debt-backed money system that landed us in this predicament. We need a sovereign-guaranteed mutual credit system, or some other hybrid that does not have inherent debt or interest associated with the money creation process.

The true, underlying reason why we are having our problems is that the pace of growth cannot keep pace with the rate of monetary expansion. We are slowly but surely being eaten alive by interest and even at the so-called "zero bound" rates for most people remain so high that the system will collapse within 100 years.

The reality is that perpetual growth can no longer be relied upon to meet our needs and keep ahead of the monetary system. We need a new monetary system that is not built around constant perpetual per capita growth of gdp.

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