Into The Likely Rally High Zone

A couple of announcements today: Firstly, tonight’s webinar at has been delayed a week due to an unavoidable conflict, and will now be held on the same night as our Big Five & Sectors webinar on Thursday next week. You can register for either or both on our February Free Webinars page.

The second announcement is that Stan and I are finally starting serious work on writing a book on TA and trading futures. We have an outline and a publisher and will be trying to finish that this year, so watch this space 🙂

The hourly RSI 14 buy signals on NDX and RUT have reached the target, and the SPX signal has reached the possible near miss target. There is hourly negative divergence here, and all three indices are in the ideal rally high zone, we are expecting a really high high soon and tomorrow is a possible cycle trend day on which we could see a significant decline. Discussed in detail in my intraday video below.

This is the whole intraday video covering nineteen futures and forex charts, as I haven’t posted one of these in a couple of weeks, and if you are just interested in the equity indices, they are at the start and there is also a possible very speculative equities decline scenario that I look at in the bonds/ZB section starting in the ninth minute. Intraday Video from – Update on ES, NQ, and TF:

On RUT/TF, there is a solid channel on TF that is holding so far. A 60min sell signal has already fixed on TF, and possible RSI 14 and RSI 5 sell signals are brewing on the RUT hourly chart below. This could turn at any time, though it obviously could go higher. RUT 60min chart:

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 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.

15th Feb 2018

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