Likely Daily Middle Band Test Next

Likely Daily Middle Band Test Next

ES/SPX just consolidating here at the moment, though if there is a break and conversion of the 50 hour MA now at 2841 that would open a test of the open breakaway gap down from 2853.53. In the absence of a break down the obvious next target would be the daily middle band in the 2800 area. Intraday Video from theartofchart.net – Update on ES, NQ and TF:

On the bear side there is now a very decent H&S formed on NDX that on a sustained break down below 6900 would look for the 6775 area. If this delivers then it may well carry the others lower. NDX 60min chart:

Stan and I are doing our free monthly Chart Chat on Sunday at theartofchart.net. We’ll be covering the usual wide range of instruments and you can register for that on our February Free Webinars page.

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shjackcharts
I Chart Therefore I Am

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