ES – Page 16 – The Art Of Chart

Tag: ES

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...

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...

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...

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...

Chart Chat for September 6th, 2015

Below is the Chart Chat video for September 6th. This session was an hour in length and we covered Indexes,? Currencies, Energies, Precious Metals, Bonds and a Q&A session. Jack and I have started our subscription services. Please check out our new subscriptions here -? https://theartofchart.net/2015/09/06/subscription-services-now-avaliable/ We are now offering Chart Chat as a subscription...

Friday Update – SPX, RUT, ES, Oil USD and Gold/Silver

The Friday Update is below and it covers SPX, RUT, ES, Oil, USD, and Gold. We did get the turn we expected in the indexes in the 1900 area as possible support as per the Monday Update. We got the turn we called on Wednesday at the monthly pivot and now a decision is being...

Wednesday Update – SPX, RUT, ES, Oil, Gold and USD

The Wednesday Update is below and it covers SPX, RUT, ES, Oil, USD, and Gold. We did get the turn we expected in the indexes in the 1900 area as possible support as per the Monday Update. Marginal new highs possible from here but odds are that we see a turn and new lows. Signup...