Market report 6/24/16, csts 17,700,gain(200),CG(5845),11/20/15

Who lost  the Brexit? The Establishment politicians who thought that the Brits don't care about the blatant occupation of their country and conversion to Sharia law and Islam, expected that they would be conned into believing the multiculturalism lies, would be lured by false prosperity. Correction: On a day when world bourses lost 5% or more, CFR agent Great Britain PM Grand Ayatollah Cameron resigned in disgrace, the New World Disorder conspirators thought in their infinite arrogance that in November the Americans, as their cousins over the pond in the EU Referendum, will also choose the bacon and lies and elect Hillary Clinton despite of myriad of clearly criminal offences. As George Sorbane have said, "When the lower half rules, the upper half suffers".

Correction: The blue blooded wolves of the sea stood up against the arrogant invasion of Council of Foreign Relations(CFR) clowns like Merkel and Grand Ayatollah PM Cameron who were destroying centuries of culture and tradition, just to serve their Planetary Government Masters. Now the monocle is on the other eye, as Col. Wilhelm Klink used to say.

As we said yesterday, the Elites of the NWD(NewWorldDisorder) were sure that "Remain" will win, so much so that Obama,Yellen& Co opened the money spigot in preparation of an explosive rally, disregarding market forces and the voice of the people despite the drugs wars, rampant crime, blatant money printing and robbery by the Federal Reserve. The masses like bacon they said, and as long it keeps coming, the sheep will continue to follow to infinity or crash on the same course.

USD/CHF backed of a bit to 0.9723 due to Brexit loss, 5 out 9 USD/CHF stochastics up, gold also gave some ground down to 1322. $DJI market knocking down on ever lower support levels, yet the Establishment was betting on the Brexit speculation that "Remain" will win, unfortunately the market closed down 610 to points to 17400, triggering  sell short order stop at 17900 for daily gain of 200 points. Futures are at -664, market to open on a downward gap and complete massive top that Yellen has been waving for months. With Brexit lost, the next step in the CFR conspiracy to erase Trump from the map is becoming problematic, and so is the future of the criminally inclined Hillary Clinton.

Idle time is evil time old timers used to say, markets threading water, hedge yourself, VIX sharp drop is a sign of coming turbulence due to the Brexit saga. DJI Futures -644, market tested 17950 and collapsed up 17400, first time in months.

6 out of 9 stochastics are up, the New World Disorder crowd hopes for an explosive rally due to Brexit win has all but evaporated, the conspiracy leading to Trump demise is starting to look like another idiotic move by the brain dead of RNC. US is facing a Constitutional crisis and uncertainty, hence drop below 17600 will test support at 16226, with next stop at 15,500 and breakdown to 12830 mid-point since 2008. Consult Sorbane's "Ziban Must Die" for further chilling details.

On the DJI monthly chart the market is in 8th month of monthly down trend, and the money printing has led to a trend reversal upward, first buy in almost a year. A breach of the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17803 and below by 17,504,16,975, 15,946,15,370,and 12081 mean support bands is still possible, but in doubt.

Gold /GC eased after Brexit loss to 1322 and on the dollars reversal, right above the resistance level, 5 out of 9 short term stochastics are up, a break above 1350 is now ahead, resistance 1352, support 1168, long term support at 1045. The brute strength of the metals is a clear indication that the Obama lapdogs will soon be jumping ship in shark infested waters.  USD/CHF is down to 0.9723, a reversal and bad correlation with gold, higher interest rates shelved again byYellen, and again ,..., a break below 0.9432 will lead to a drop at 0.7, a crash, USD/CHF in a long term decline, a bear market rally last four months now topping out, 6 out of 9 stochastics down, yuan uptick may force rates hike finally on the horizon, even from Yellen but not for sure until Hillary is or if elected which is 
becoming very problematic. Disclaimer: Investing in the stock market involves risk of loss. The market commentary provided by bibi1581.blogspot.com is for entertainment purpose only, and it is not to be construed as suggestion or investment advice to buy or sell securities. Always consult a registered investment professional or broker before committing money to any stock or option instrument. Bibi1581.blogspot.com is not responsible for any direct or consequential losses incurred in violation of this disclaimer. Read all SEC rules and regulations before making investment decisions.

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