Winter Is Here

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A modest storm by US standards is passing over the UK. We have enough snow for a modest selection of snowballs, and I’m planning a quiet weekend in, relaxing while doing no more than an absolute maximum of seventy charts and three videos before Monday. I might light a nice coal fire if the snow lasts.

Intraday Video – Update on ES, NQ, & TF:

So are we starting a B wave down from this area? Possibly, and for that, I’ll be watching the open gap from 6316.28 on NDX. If that is filled, then the gap over resistance on NQ this morning was not a breakaway gap, and we may be starting a new leg down. NDX daily chart:

Everyone have a great weekend. 🙂

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.

08th Dec 2017

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