Candidate 2017 Highs Made

Surprisingly interesting action on SPX/ES today and the possible 2017 highs on SPX and NDX that Stan and I are looking for in the next three or four days may already be in. Intraday Video – Update on ES, NQ, and TF:

On the SPX daily chart, the resistance trendline from 2016 is holding so far and a strong RSI 5 / NYMO daily sell signal may fix at the close today if we don’t see a significant rally before the close. SPX daily chart:

Stan and I are doing a free public webinar tonight looking at AAPL, AMZN, FB, NFLX, TSLA, and six assorted sector stocks an hour after the close tonight. If you’d like to see it, you can register for that¬†here.

Written by:

Richard Chappell

Jack is a 20 year retail trading veteran and co-founder of The Art Of Chart. He started his blog at channelsandpatterns.net in 2010 and since has published tens of thousands of charts looking at hundreds of trading instruments across most tradeable markets, doing original work mainly in the areas of trendlines, patterns and divergences. At The Art Of Chart Jack has taught trading skills, technical analysis, and the discipline and trader psychology that allow those to be used effectively in trading.

14th Dec 2017

Leave a Comment

Your email address will not be published. Required fields are marked *