Chart Chat – The Art Of Chart

Category: Chart Chat

The H&S on NDX

[vc_row][vc_column][vc_column_text]On the last big move up on equities the main and, almost only, driver was Tech. That has ended for the time being and, since it ended, Tech has been leading the way down. For that reason I have mainly been looking at NDX for signs that this retracement might go lower. In my premarket...

Bitcoin Approaching Bull Flag Resistance

[vc_row][vc_column][vc_column_text]I called a possible swing low on cryptos on 5th July, and that's been progressing as expected so far, and BTCUSD (Bitcoin) is getting close to bull flag resistance. Bear flag resistance on Bitcoin is in the 70,600 area, and that is now getting close. If that breaks then the flag target will be a...

Reaching Initial Target Level on Solana

[vc_row][vc_column][vc_column_text]I called a possible swing low on cryptos on 5th July, and that's been progressing as expected so far, and is getting close to some key resistance levels and, in the case of SOLUSD (Solana), is hitting it. On BTCUSD (Bitcoin) the daily RSI 14 buy signal is reaching the possible near miss target area,...

A Changing Of The Guard

[vc_row][vc_column][vc_column_text]In my post a week ago I was looking at the runaway move on Tech, and the way the move had just blown through some serious sell signals on SPX without breaking a sweat. These moves can end anytime of course, and it may well be that the move has ended, with a powerful rotation...

Crypto Low Looking Good

[vc_row][vc_column][vc_column_text]I'm probably going to start writing a post every Monday morning on cryptos. That's a good day to do it because the pivot week on cryptos ends on Sunday night, so the weekly pivots on the daily charts I post on Monday mornings will be the new ones. BTCUSD made an interesting looking low a...

Beware Of The Balrog

[vc_row][vc_column][vc_column_text]Last week I was looking at the decent looking resistance trendlines and growing mass of negative RSI divergence on both SPX and NDX. Over the course of the last week first the SPX resistance trendline broke, though this could still be a bearish overthrow, and then the daily RSI 14 sell signal failed on Friday,...

Bitcoin Low Here?

[vc_row][vc_column][vc_column_text]I was saying on Wednesday that I was likely to do a crypto post at least once a week in future, and here is the first, as crypto is looking very interesting today. I've been covering BTCUSD, ETHUSD & SOLUSD every day in my premarket videos but haven't actually done a post on crypto before...

There Is No Spoon

[vc_row][vc_column][vc_column_text]It has been a few weeks since my last post, as I've had a lot of stuff to sort out. That's pretty much done & I have returned. As it happens, this doesn't look like a bad time to be coming back. My speciality is patterns and reversals and we have some nice patterns and...

High Retests Likely

[vc_row][vc_column][vc_column_text]I mentioned in my post on Tuesday morning that the historical stats for the rest of this week leaned bullish, and that the stats for next week after the holiday all lean bearish, and after the low on Tuesday afternoon we've been seeing that deliver so far. I capped the chart below after the close...

Taking Stock

[vc_row][vc_column][vc_column_text]One thing I always like to see on SPX the day after I call a possible high area is a big gap down and I wish that happened every time. Alas it does not, but it was nice to see that happen this morning. In terms of the trendlines I was looking at in my...