Better Late Than Never

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I prepared this post a while before the close today, but for some reason, my media computer took two hours to encode the video. Everything still relevant now so here it is.

In the interim the backtest into the 2619 area is in progress and assuming that support holds, I’m expecting a higher high to make the second high of a double top at one of the obvious resistance levels above at the monthly pivot in the 2676 area, and the daily middle band, now in the 2688 area. Looking for strong resistance at one or the other. Intraday Video from theartofchart.net – Update on ES, NQ, and TF:

SPX 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 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.

05th Apr 2018

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