Indexes – Page 37 – The Art Of Chart

Category: Indexes

Waiting For A Break

The daily RSI 14 sell signal that I was looking at yesterday fixed at the close, and there are now fixed daily RSI 5 and RSI 14 sell signals on both SPX and ES, though the SPX RSI 5 sell signal may well reach target at the close today. SPX daily chart: At the open...

A Lot Of Sell Signals

There are a lot of open sell signals on the SPX & ES charts here. On SPX there is still a strong RSI 5 / NYMO sell signal that could reach target today on a weak close. If we see that weak close the possible RSI 14 sell signal brewing here would likely fix. SPX...

An Inverse Correlation To Depend On

We did the monthly free public Chart Chat at theartofchart.net yesterday, and if you missed that the recording is posted on the November Free Webinars page here. We were asked a question about a correlation there, and I remarked that I don't think most correlations are worth much. If you think USD is going down and therefore gold should...

The Ghost Of Volatility Past

Are the equity indices topping out here or not. I think yes, though likely just for a retracement before higher highs. SPX is retesting good trendline resistance, is on a strong daily RSI 5 / NYMO sell signal, and a daily RSI 14 sell signal is now brewing as well. Another retest of the all...

A Whiff Of Grapeshot

Nice trend down for the first half day today. There is still an outstanding H&S target below on NQ in the 5975 area, but the strong support zone on ES in the 2539-43 has been tested with the LOD currently at 2541.5. That is a possible H&S neckline, and if a right shoulder forms the...

Finally Monsieur, A Wafer Thin Mint

I've been mentioning that TF/RUT has been forming some kind of bull flag that should deliver a retest of the all time highs on TF/RUT, and that bull flag is a clear falling megaphone flag on RUT that underthrew bullishly yesterday morning and broke up this morning with a minimum target at a retest of...

February Free Webinars

This month we feature four free webinars that will help you make better decisions and trade successfully. 30 DAY FREE trial now offered for Trader Triple Play - Click Here Sun, February 5th, 2017 4:00 PM - 5:00 PM EDT Free Chart Chat - Live Technical Review of the Markets Chart Chat is...

The Trump Stock Market Rally is Coming to an End

The Trump Stock Market Rally is coming to an end. Donald Trump’s election victory has been credited by the media for the late 2016 - early 2017 rally in stocks. Some investors speculate that the new president’s tax and regulatory reforms, along with anticipated infrastructure spending, have spurred a wave of euphoria on Wall Street. ...

December Free Webinars

This month we feature four free webinars that are designed to help you make better decisions and trade successfully. 14 day FREE trial now offered for Trader Triple Play - Click Here Sun, December 4th, 2016 4:00 PM - 5:00 PM EDT Free Chart Chat - Live Technical Review of the Markets Chart Chat...

The Weekly Call – Trading Setups for the week of October 2nd

Trading Setups and Strategy for the week of October 2nd The Weekly Call is a feature at The Art of Chart where we discuss setups and trading strategies for the coming week. This week we review Cattle, Gold and the Nikkei. Live Cattle follow up From our original call, we expected a bounce and then...