Monday Update – SPX, ES, RUT, CL, USD, SI and GC

Below is the Monday Update as what we discussed is unfolding nicely. The video is short but it covers SPX, RUT, ES, Oil, USD, Silver and Gold. Key level to watch on SPX is the monthly pivot and we are expecting a marginal new high.

Please make sure the HD button is on and maximize the screen for best viewing. The HD version should be done 5 minutes after this post goes up. Until then, this is the SD version. You may wish to wait for the HD version for best viewing.

Good Luck the week 🙂

Written by:

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.

11th Aug 2015

14 thoughts on “Monday Update – SPX, ES, RUT, CL, USD, SI and GC”

  1. Chart below (which is pointing to an interim top) is very much corresponding with Stan’ s analysis..

    http://stockcharts.com/h-sc/ui?s=%24CPC

    Following Stan’ s analysis and taking into consideration CPC chart it looks more safe me to me to see ES hit around 2,108.75 to 2,110 and then go SHORT targeting 2,040ish..

  2. If it wouldn’t be to much trouble I would appreciate it if when you talk about levels you would say the number verbally . I often look at these post on my smart phone and can’t see the numbers on the chart. Thanks again for helping out investors like me.
    Larry

  3. Great update , thanks for taking the time! I see the 5 wave move & now we broke the M Pivot & the 2082.66 area fibo and are dancing above and below it now at the open: Wave C of W4 touched the top of W1
    QUESTION is the 5wave structure still good , IE a coming Wave 5 to new highs or that direction??

  4. #ChinaSurprise It’s always the things that you don’t expect. Looks like SPX support broke and we may go to ~2045 sooner than later. By the end of this week? Still a screaming buy (yellow box) Stan? Opex coming and I think it will be a buy.

  5. Stan,
    Good video this am in outlining all the trading possibilities for the day. About 2 minutes before the close. SPX broke the monthly pivot and is currently at 84. I assume you’re now looking at SPX going to 39-46. Thanks a lot for a thorough and clear explanation.

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