One Down, Three To Go

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Today is the end of the first quarter and the first day of the second quarter on Monday traditionally leans 75% bullish. That’s worth bearing in mind here as any bullish move here may follow through on Monday.

Full Intraday Video from theartofchart.net – Update on ES, NQ and TF (at the start) and then DX, CL, NG, GC, ZB, HG, KC, SB, CC, ZW, EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, and NZDUSD:

I have a decent looking falling channel on SPX here and if the rally target is a test of channel resistance that is now in the 2680-5 area. At the speed SPX has been moving we could see that test today. SPX 15min 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 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.

29th Mar 2018

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