Jack’s CAP – Page 22 – The Art Of Chart

Tag: Jack’s CAP

Upside Targets

As I was saying in my last post, SPX should be back into an upwards cycle by the end of October and that would be likely to end by the end of November. SPX has duly now made new all time highs and is likely to go higher. Let's have a look at the most...

Much Ado About Nothing

ES has spent the whole of October in a low cycle but so far the action has been all sideways, with a strong rally last week taking SPX back close to the highs on the hope of a China deal. There was a China deal, albeit more of a glorified breathing space while more talks...

Onwards And Downwards

It's been a while since my last post and my apologies for that. It has been an intense summer of medical treatments for my wife, exams and results for my children, computer upgrades and so on. I've been feeling somewhat drained. However the market has so far avoided being as tedious as it often is...

A Decent Start

SPX delivered some wild moves this week, helped along by the White House Staff's ongoing failure to gain control of the President's twitter account, but at the end of the week SPX has reached the obvious first target at a test of the 2915 support area, and there is a short term inflection point here....

Topping Out Here …….. Probably

In my premarket video this morning for daily video service at theartofchart.net I was saying that until demonstrated otherwise I was expecting to see all time retests on ES and NQ before a possible swing high (and potential significant top). That high retest is at 3027.75 on ES and the high today so far has just missed...

Daily Sell Signals Have Fixed

The daily RSI 5 / NYMO sell signal that was brewing last week has fixed on this first decline from the all time high and has not yet reached target. The rising wedge has broken down into a test of the daily middle band so far, and I am looking for a reversal pattern to...

Coming Into The High Window

Apologies for the long delay between posts. My wife has been having a serious health issue including some surgery so I have been very distracted. In my last post I was looking for another high retest, and we have seen that, with a push this week into the psychologically important 3000 area after the close...

Sometimes It’s Just a Flag

SPX made a high early this week, broke down from a decent quality falling wedge and the obvious retracement targets were either the 38.2% or 50% retracements in either the 2840 or 2820 areas before another likely leg up. Sometimes however any initially promising looking topping pattern evolves into a flag as the index trades...

The Next Inflection Points

In my post 'Important Support Breaks' on 2nd May, as SPX was starting to break down after the new all time high, I was talking about the ideal retracement target at the possible H&S neckline in the 2722 March low area. SPX bottomed out yesterday at 2728 and in practical terms that target area I gave...

Choices, Choices

One way of looking at markets is as a succession of inflection points or probability forks, at which there are generally a higher and lower probability option which, once taken, take the markets to the next in that series, either eliminating or significantly changing the paths not taken at that inflection point. We've been looking...