Tag: Jack’s CAP

Crypto Low Looking Good

[vc_row][vc_column][vc_column_text]I'm probably going to start writing a post every Monday morning on cryptos. That's a good day to do it because the pivot week on cryptos ends on Sunday night, so the weekly pivots on the daily charts I post on Monday mornings will be the new ones. BTCUSD made an interesting looking low a...

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Tag: Jack’s CAP

Beware Of The Balrog

[vc_row][vc_column][vc_column_text]Last week I was looking at the decent looking resistance trendlines and growing mass of negative RSI divergence on both SPX and NDX. Over the course of the last week first the SPX resistance trendline broke, though this could still be a bearish overthrow, and then the daily RSI 14 sell signal failed on Friday,...

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Tag: Jack’s CAP

Bitcoin Low Here?

[vc_row][vc_column][vc_column_text]I was saying on Wednesday that I was likely to do a crypto post at least once a week in future, and here is the first, as crypto is looking very interesting today. I've been covering BTCUSD, ETHUSD & SOLUSD every day in my premarket videos but haven't actually done a post on crypto before...

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Tag: Jack’s CAP

There Is No Spoon

[vc_row][vc_column][vc_column_text]It has been a few weeks since my last post, as I've had a lot of stuff to sort out. That's pretty much done & I have returned. As it happens, this doesn't look like a bad time to be coming back. My speciality is patterns and reversals and we have some nice patterns and...

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Tag: Jack’s CAP

High Retests Likely

[vc_row][vc_column][vc_column_text]I mentioned in my post on Tuesday morning that the historical stats for the rest of this week leaned bullish, and that the stats for next week after the holiday all lean bearish, and after the low on Tuesday afternoon we've been seeing that deliver so far. I capped the chart below after the close...

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Tag: Jack’s CAP

Taking Stock

[vc_row][vc_column][vc_column_text]One thing I always like to see on SPX the day after I call a possible high area is a big gap down and I wish that happened every time. Alas it does not, but it was nice to see that happen this morning. In terms of the trendlines I was looking at in my...

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Tag: Jack’s CAP

Minority Report

[vc_row][vc_column][vc_column_text]The SPX daily upper band ride finished a few days ago. SPX has gone higher in the last week, but not quite reached the upper band again, and there is no particular reason to think that the daily upper band ride might resume. SPX hasn't quite reached the obvious trendline resistance from the October 2023...

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Tag: Jack’s CAP

Likely Retracement Coming Soon

[vc_row][vc_column][vc_column_text]I'm expecting to see a retracement of the move up from the October lows start soon, and there are some targets I wanted to see made on equity indices before that happened. The last two of those were made on Friday. The first of those was a retest of the all time high on NDX,...

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Tag: Jack’s CAP

Daily Upper Band Ride – Day Seven

[vc_row][vc_column][vc_column_text]I was looking yesterday morning at the daily upper band ride on SPX which had been going for six days. That's not that long for one of these, the last three lasted six, seven and eleven days. Eleven days would be getting long in the tooth for one of these and I think I can...

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Tag: Jack’s CAP

We Are Where We Are

[vc_row][vc_column][vc_column_text]Friday 19th January was a disappointing day for bears. SPX made a new all time high, which had been obvious unfinished business above, and when ES was in the 4850 area there was an hour or so when there were lovely little double top setups on SPX, NDX and Dow, hourly negative divergence on all...

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