ES – Page 3 – The Art Of Chart

Tag: ES

Pinball Markets

My last few posts have been a coronavirus COVID-19 series, so I'm putting in the links here so as to refer back to them easily for now. These are the five posts so far. 18th February - Peering Through The Fog Around Coronavirus COVID-19 24th February - Some Genuine Coronavirus Numbers Coming Through 28th February...

A Tale Of Two Cities

My last three posts have been a coronavirus series, so I'm going to be putting in the links here so as to refer back to them easily for now. These are the three posts so far. 18th February - Peering Through The Fog Around Coronavirus COVID-19 24th February - Some Genuine Coronavirus Numbers Coming Through...

Some Genuine Coronavirus Numbers Coming Through

Following on from my post last week about the coronavirus COVID-19 here, we are now seeing some genuine coronavirus numbers coming through, and the numbers at the weekend weren't great so equity markets are down this morning in response. How bad was the news? Here are this morning's numbers: Honestly these numbers are not too bad...

The January Barometer

When I looked a few weeks ago at the stat for the first five days of the year I found that the correlation with the yearly close there was essentially random, so I was wondering when I had a look at the full January Barometer stat whether I would find the same but was pleasantly...

Another Week, Another Inflection Point

Apologies for the lack of a post last week. Some of you know my wife has some health issues at the moment and they have me distracted. I'm doing this post tonight because SPX is at a key inflection point and because the way this breaks may deliver the direction for the rest of January....

There Is No …….. QE4

Boy - 'Do not try to bend the spoon. That's impossible. Instead .... only try to realize the truth.' Neo - 'What truth?' Boy - 'There is no spoon' From The Matrix - 1999. One thing that has been strange in the last few months is the virtual media silence about the Fed's increasingly aggressive...

Not Even A Mouse

Well the holidays are upon us, and many of those of us with lives, or even just social lives, have taken a couple of weeks off to do non-market stuff. Even the algos seem suspiciously quiet and may be taking a few days off too. I'm still here because .... well ....... it's my job,...

All Targets Great And Small

A week ago I was looking at upside targets on ES and the extended target on ES was in the 3180 target, made by the close of the week. I had other upside targets too with an extended IHS target on NQ that made target at the same time, and bull flag high retests on...

Forming The SPX High

I was talking about mean reversion in my post at the weekend and that was well timed, with the first spike down on Monday. The daily RSI 5 sell signal fixed and reached target and there was the first sustained break under the SPX 50 hour MA since the cross back above that in the...

So Far, So Good

I remember my father giving me an example a long time ago of the dangers of forecasting through extrapolation, and it was to imagine a man who had stepped off the top of the Empire State Building, and was overheard to murmur as he fell past the 51st story 'So Far, So Good'. The point...