NDX – Page 18 – The Art Of Chart

Tag: NDX

A Pivotal Moment

It is the first day of May today and ES, NQ, & TF started the day testing the new monthly pivots at 2639, 6596 and 1540 respectively. This is an important inflection point and the historical stats for the first day of May lean bullish. On a conviction break of these monthly pivots, the next...

TGIF

I'm doing a morning post today as I'm hoping to take most of the afternoon off after a big webinar at lunchtime. Starting the weekend early. :-) ES/SPX broke back over the daily middle band yesterday and needs to confirm the break above with another close above today. That's is currently in the 2655 area...

Breaking Back Over The Daily Middle Band

SPX broke back under the daily middle band on SPX on Tuesday, and confirmed the break below at the close yesterday. If SPX breaks back above the daily middle band today, as seems likely at the time of writing, then that will need a confirming close back above tomorrow. I posted the key declining resistance...

Bull Flags Breaking Up

There is a very strong rally setup coming into today, so I've decided to do an AM post this time, with the video below being the section on indices from my premarket video this morning. The rally setup is the breaks up from bull flags on SPX, NDX, and RUT yesterday afternoon and this morning,...

Another Friday, Another Inflection Point

Well, SPX has finally retraced over the last couple of days, and the bull/bear line that I'm talking about on the video is rising support from the April low. That was tested as expected not long after I recorded the video and that's holding so far. On a break below, this rally has likely ended...

The Three Bears

I was saying last week that for a fill of the open gap from 2711.93, I'd be disregarding the Three Day Rule target (a retest of 2553.80). The Three Day Rule target technically hasn't failed yet, but the first downside scenario is likely failing, and we are now left with the remaining two scenarios. The...

The Ephemeral Triangle

NQ/NDX and RUT/TF have now both reached their respective IHS necklines and broken slightly over them, so the possible Janus bear flag setups on both are set up and ready to fail into the retests of the previous lows. ES/SPX is the only laggard, but of course, there was already a strong target at the...

Janus Flags

In our Sunday Chart Chat, I was looking at an attractive scenario for this week where ES/SPX would make a higher high this week to complete a possible IHS forming, break up slightly from that, and then fail back into a minimum target at last week's low at 2553.80, also the target on the Three...

The Three Day Rule – Day Three

It's been a while since we last saw an example, but one of my strongest historical stats is the Three Day Rule. On this stat, there first needs to be a 2%+ decline, and then on a break back over the 5 day MA, currently at 2627, then on a clear daily closing break back...

Better Late Than Never

I prepared this post a while before the close today, but for some reason, my media computer took two hours to encode the video. Everything still relevant now so here it is. In the interim the backtest into the 2619 area is in progress and assuming that support holds, I'm expecting a higher high to...