Monday Update – The usual suspects

The Monday Update is below and it covers SPX, RUT, ES, Oil, USD, and Gold.

We did get the turn we expected in the indexes, watch the 1900 area as possible support as per chart chat. A conviction break? of that area and we open new lows.

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Have a GREAT week!! 🙂

About the Author

Stan Nabozny
Stan is a 20 year retail trading veteran and Co-Founder of The Art of Chart. His specialties include using futures and options to trade Energies, Precious Metals, Equities, Currencies, Bonds, Softs, Grains and other commodities. Stan believes that Risk Management and Trader Psychology are more important that technical analysis and spends his time teaching and coaching other traders on these topics . Stan uses various trading systems and technical analysis approaches that integrate time and price in his work. See his latest articles here and www.huffingtonpost.com.

12 thoughts on “Monday Update – The usual suspects

  1. stannabozny - September 1, 2015 at 9:02 pm

    Tuesday Update: We hit 1900s and it was support as per video – now next resistance or a little lower signals new lows on the way – break this area and expect a squeeze tomorrow. CL +500 from the turn so far, watch 42’s for support.

    • stannabozny - September 1, 2015 at 9:03 pm

      Fumble Fingers Repost : Tuesday Update: We hit 1900s and it was support as per video ? next resistance 1950 or a little lower signals new lows on the way ? break 1950 area and expect a squeeze tomorrow. CL +500 from the turn so far, watch 42?s for support.

  2. Kim - September 1, 2015 at 8:39 pm

    Stan, do you think oil made the 50% retracement today? I think it got very close H$49.50 L$37.75 50% = $43.37 and we hit low of $43.86.

  3. wavestrake - September 1, 2015 at 5:12 pm

    Where do I sign up for the subscription? I clicked on the link, but it doesn’t take ma anywhere.

    • shjackcharts - September 1, 2015 at 7:02 pm

      We’re still working on that this week. Should be ready top launch next week we think. 🙂

  4. Cappuccino Trader - September 1, 2015 at 11:13 am

    You guys are doing a bang up job on this site! Fantastic and actionable info. Kudos on the superb analysis. And continued success on this wonderful collaboration that has become the The Art of Chart!

    • shjackcharts - September 1, 2015 at 7:04 pm

      Thanks. This collaboration has been a lot of fun & makes me wonder why there aren’t more cross-disciplinary collaborations. Most chartists too insular perhaps. 🙂

    • stannabozny - September 1, 2015 at 8:25 pm

      Just remember – we are wrong 30% of the time – lately tho we are killing it

  5. R Z - September 1, 2015 at 8:40 am

    Nice post
    Will you being offering a paid trading room – similar to Avi Gilbert’s ??
    If so I would be interested – your analysis is better then theirs
    Thanks Dick

    Sent from my iPhone

    >

  6. d333gs - September 1, 2015 at 7:47 am

    Thanks Stan

  7. Kurt - September 1, 2015 at 1:38 am

    Hi Stan,
    Thanks for the update….ES hit 1931, looks like your scenario for 1900 will come to pass during regular hours trading.
    Cheers

  8. portobellovcs - September 1, 2015 at 12:58 am

    Thanks Stan for the update!