Indexes – Page 29 – The Art Of Chart

Category: Indexes

Baby Steps

I was expecting a modest retracement in my last post and we have seen one. I was looking at the setup on the premarket video today and there is a probable short term low here testing support at the ES weekly pivot, open gap support on SPX and the 50 hour MA. We should see...

Just One Wafer Thin Retracement Monsieur

SPX has now broken above both the June and March highs, and should be on the way back to retest the all time high. Short term though we are looking for a modest retracement before the next leg up. The short term ES channel support that I was looking at in the premarket video has...

Onward and Upward

My apologies for the intermittent posts lately. As some of you will know, it has been very busy at theartofchart.net recently with the launch of a major new service for us on 25th June, Paragon Options, a directional options service trading options on futures. We've put a lot of work into developing and launching this service, which...

The Retracement Low Is (Probably) In

We are doing our monthly free public Chart Chat on Sunday. If you'd like to attend you can sign up for that on our July Free Webinars page. SPX reached the ideal 2680-2700 retracement low range and has rallied strongly from there with a 60min RSI 14 buy signal fixing this morning. The low isn't definitely in...

Minding The Gap

We are doing the monthly free public Chart Chat on Sunday. If you'd like to attend then you can register for that on our July Free Webinars page. We are also running our annual July 4th weekend sale over the next few days, so over that period annual memberships purchased have four free months rather than the...

Paragon Options – A Low Risk ES Short Trade

Paragon Options is a service that focuses exclusively on futures options. By doing so we are taking advantage of superior premiums compared to stock options and asset diversification offered by futures. Paragon Options is a directional options service that focuses on Metals, Energies, Bonds, Currencies, and Commodities. This service launched on June 25th. A Low...

A Bull Flag Megaphone Taking Shape

Apologies for the lack of updates this week. It has been extremely busy. I should be back on a more normal schedule next week. Stan and I are doing our monthly free public webinar on FAANG stocks and key sectors tonight, and if you'd like to attend you can register for that on our June Free...

An Uncertain Decline Is Often A Bull Flag Forming

The SPX 60min RSI 14 sell signal that fixed early this week is still open, there is another on NDX and one is brewing on RUT. Furthermore there are now possible daily sell signals brewing on both NDX and RUT, and if SPX retests the June high then there will also be one brewing on...

Downside Potential Here

SPX is at a potentially significant inflection point here, with a setup for a possible sharp retracement. SPX has broken down from a short term rising wedge and formed a possible double top. A possible hourly RSI 14 sell signal is brewing and the obvious first downside target on SPX in the event of a...

Filling The Island Top Gap – Take Three

We did our monthly free public Chart Chat yesterday and, if you missed that, you can see the recording posted on our June Free Webinars page. ES/SPX has been forming a likely large bull flag over most of the last month, and the flag pattern is the unusual and very poorly named broadening formation, right angled and...