I'll start with the Cable. The correction may be done here but 3Ds into 1.6010 is my the most preferable scenario.



If this area doesn't hold, 1.6040 with EXP ABCD is next.

Get ready for a drop...

2007.75 and that's it?

here is the chart for this level

Longer term view on the current level and 2050.
The ES has made a second approach to key line.

Originally posted by jimkane

I'll play the scenario game. Up to around 2050, then down to 1975-80 (might be a bit lower, I will try to pinpoint as it unfolds), or down to 1975-80 from right in here, then up to 2050. Those are my two frameworks.

It 'should' dump now. Hard. We'll see.

Yeah, it's right on the edge of a monster swoooooooooooooooooooooooooooooooooooosh, and you can be sure they know that. It may not stop it, but 'they' know it.

Any time now... Decision time.

This is just a ride the grind down until it flushes kind of play.

I think this grind down is going to go for awhile. Maybe not, but it has that feeling.

We are so brainwashed in this country, we are conditioned to believe we are doing great, better than everyone else, so lucky to be AmeriKan (and most agree, following along with O'Bummer's quips about the USA's exceptionalism). But here's some facts:

"The Upper Middle Class of America Owns a Smaller Percentage of Wealth Than the Corresponding Groups in All Major Nations Except Russia and Indonesia."

and

"America’s bottom half compares even less favorably to the world: dead last, with just 1.3 percent of national wealth. Only Russia comes close to that dismal share, at 1.9 percent. The bottom half in all other nations own 2.6 to 10.2 percent of the wealth."

That doesn't even sound remotely exceptional, or even remotely 'good'.

How about this:

"Just 47 Wealthy Americans Own More Than Half of the US Population. Oxfam reported that just 85 people own as much as half the world."

And to finish, we hear all the time about how brutal it is in Greece. The stories are chilling. Youth unemployment, businesses closing left and right, endless stories about former middle class families (entire families) living in cars, and so on. So, with that context, how about this one:

"Oh, and if you’re wondering how the American middle class ranks in the latest data, it improved two spots to #25. Just behind Greece."

But still all us AmeriKans keep thinking we have it so good, relatively, and we keep the system going for the elite. Nice job, AmeriKans. Your exceptional all right, exceptional suckers, exceptional sheep.

Source: http://www.zerohedge.com/news/2014-11-07/american-middle-class-wealth-worse-every-nation-russia-indonesia