Month: August 2018

Traders Boot Camp

Improve Your Trading Success, Learn Live from Experienced Traders! I am pleased to announce The Art of Chart Academy! The Academy is designed for beginners to seasoned traders who want to improve their trading success. We will have various training sessions for traders of various skill sets. All of our classes are taught live by real...

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Month: August 2018

One Month Closes And Another One Opens

SPX has made a possible short term high a couple of days ago, but needs to show us more on Tuesday than a retracement to test obvious support at the 50 hour MA, currently in the 2890 area. If that can be broken, and the open gap below it filled, then there is a decent...

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Month: August 2018

Looking For A Short Term High

I'm posting my full premarket video from this morning, as this is a very interesting area on most of the instruments covered, with significant reversals in progress on many of them. Full Premarket Video from theartofchart.net - Update on ES, NQ, CL, NG, GC, SI, HG, ZB, KC, SB, CC, ZW, ZC, ZS, DX, EURUSD, USDJPY, USDCAD,...

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Month: August 2018

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for August 26th

Crypto-currencies are now mainstream trading instruments. I am providing charts in this blog on a weekly basis. I plan to cover just three cryptos: Bitcoin, Litecoin, and Ethereum. The point of this weekly post is to show the crowd psychology behind the price movement to support high-quality trades. BTCUSD — Expecting to continue the small...

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Month: August 2018

Be Here Now

That was an unsatisfyingly fast low last week with none of the usual bottoming signals, but it was a higher low against the early August low, and the break under the daily middle band on Wednesday was firmly rejected on Thursday and confirmed on Friday, with a decent quality bull flag channel on ES breaking...

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Month: August 2018

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for August 20th

Crypto-currencies are now mainstream trading instruments. I am providing charts in this blog on a weekly basis. I plan to cover just three cryptos: Bitcoin, Litecoin, and Ethereum. The point of this weekly post is to show the crowd psychology behind the price movement to support high-quality trades. I have been on holiday for two...

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Month: August 2018

Targets and Support Levels

I was saying on my twitter yesterday that if ES could break and convert to support weekly pivot at 2842 then ES/SPX could head up directly, but in the absence of that a test of 2800 area support was likely, and well, here we are. So what now? Well there is decent established support in this area...

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Month: August 2018

The Wheels On The Bus Go Round and Round

An unsettled open on ES last night with more rumblings from Turkey and lower lows on ES and NQ. I was asked before the open whether I thought there was a serious risk of the wheels coming off on SPX with a 5% or so retracement directly from here, and I replied that I thought...

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Month: August 2018

Bull Flag Compression

ES has been compressing for a couple of days now, forming a likely bull flag for the next leg higher. That may have made a low overnight or may have a bit lower to go before the next leg up begins. A break and conversion to support of the current short term high at 2863.75...

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Month: August 2018

Looking Higher

I am back from holiday and normal updates are resuming today. The retracement last week was larger than expected and established a larger rising channel from the 2691.99 low that is part of the larger overall rising channel from 2594.62. Shorter term channel support is now in the 2803 area, and I'm looking in the...

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