Indexes – Page 36 – The Art Of Chart

Category: Indexes

Twas The Week Before Xmas

A strong start to the week, and we're likely to see at least some more upside, as the double bottom on RUT/TF that I was looking at on Friday has broken up with a target at a retest of the all time highs. I'm expecting that target to be hit. NQ is testing the trendline...

RUT – The Sleeping Giant Awakens?

Back to back reversal trend days, which we haven't seen in a while, and NQ has now made the new ATH that Stan and I were looking for. My video was moved from premarket to just before midday this morning, as a big Windows 10 update took my media computer hostage for several hours and...

Candidate 2017 Highs Made

Surprisingly interesting action on SPX/ES today and the possible 2017 highs on SPX and NDX that Stan and I are looking for in the next three or four days may already be in. Intraday Video - Update on ES, NQ, and TF: [embed]https://www.youtube.com/watch?v=t2I7h5UQMc8[/embed] On the SPX daily chart, the resistance trendline from 2016 is holding...

Santa With Some Reservations

Looking at the shorter term charts, there are some signs that we might see a retracement, though, with Fed tomorrow, any retracement may need to wait until then. There is a possible case for NQ to backtest the weekly pivot at 6344. Intraday Video - Update on ES, NQ, and TF: [embed]https://youtu.be/ivprr_nDeRw[/embed] On the SPX...

Winter Is Here

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...

December Begins

Stan and I are doing our monthly free public Chart Chat at theartofchart.net at 4 p.m. EST on Sunday. We'll be looking at the usual wide range of equity indices, bonds, precious metals, energies, and commodities and if you'd like to attend you can register for that on our December Free Webinars page. After the spike up at the...

Breaking Up Isn’t Hard To Do In 2017

Bears really haven't made a significant impression on equity indices this year and, statistically, there's not much reason to think that might change in the last month of the year. One key trendline that I have been watching is the very decent looking rising wedge resistance from the 2016 low and that has broken up...

Thanksgiving Week

For some reason, Thanksgiving never made it as a national holiday in the UK, possibly because England was feeling a little sour after only winning a nonetheless hard-won second place in The War Of Independence, but I certainly always enjoy it, and various branches of my family have had a long and storied history with...

The Falling Megaphone on RUT

A very key pattern that I've been watching here for direction is the likely falling megaphone on RUT.This has been a slow developer and has now been forming for an impressive seven weeks. Assuming that this is indeed a falling megaphone then the next target within the megaphone is megaphone resistance, now in the 1511...

Janus Flags

The Janus flag setup I was looking at on Wednesday delivered yesterday and I'll talk a little more about these today as they are relatively common and worth remembering. In this case on SPX what appears to be a high quality H&S has formed and broken down towards a target in the 2635 area. In...