25 August 2014

SP 500 and NDX Futures Daily Charts - Sittin' On Top of the World

"On desperate seas long wont to roam,
Thy hyacinth hair, thy classic face,
Thy Naiad airs have brought me home
To the glory that was Greece,
And the grandeur that was Rome."

Edgar Allen Poe, To Helen

I think we are getting close to the end of this wash cycle. I'd expect a sideways chop for a while, barring false flags and other events unexpected.

VIX shows we are back to relative complacency. Big change from the bottom of the rinse cycle, isn't it? Can't be too skeptical or cynical these days.

It certainly looks like the Imperium Anglo-americae will last for at least one thousand years.

Have a pleasant evening.