NDX – Page 19 – The Art Of Chart

Tag: NDX

One Down, Three To Go

Today is the end of the first quarter and the first day of the second quarter on Monday traditionally leans 75% bullish. That's worth bearing in mind here as any bullish move here may follow through on Monday. Full Intraday Video from theartofchart.net - Update on ES, NQ and TF (at the start) and then DX, CL,...

FOMC Tomorrow

ES bounced at monthly pivot support yesterday and a likely bear flag is forming that on a break down should at minimum deliver a retest of yesterday's low, and likely continuation lower after that. There is a small section looking at Facebook at the end of the video today. Intraday Video from theartofchart.net - Update on ES,...

A Promising Start

ES never managed to break below weekly pivot support last week, but the new weekly pivot moved over price and ES is now testing the monthly pivot at 2698, which is holding so far. SPX and NDX have broken their rally rising wedges and retraced 38.2% of them, and if we are to see a...

In-Between Daze

Today has been a choppy in-between day as SPX/ES has tested strong support and, so far at least, failed either to convert it to resistance and continue down, or rally strongly from it. However, we are likely to see one or the other of those soon and I'm surprised that the process has taken as...

Testing Key Support

Yesterday's promising start to the downtrend has continued today and brought ES & SPX down to test important trend support at the weekly pivot on ES at 2749 and the 50 hour MA on SPX now at 2751. SPX is trading about 4 handles below ES today. A decent confirmation that support is breaking would...

Buffing Fingernails Modestly

Stan and I were saying in the monthly free public Chart Chat on Sunday that the last day of the cycle high window was today and we were expecting to see a rally high made by the end of the day. You can see the recording of that here. There was obviously no doubt in our...

The Blue Pill

ES gapped up over resistance on the NFP numbers this morning, and we are running the second option that I was looking at on the intraday video yesterday. ES is likely to hit the rising channel resistance I was looking at yesterday and that is now in the 2785 area. Ideally that gets hit today....

The Thin End Of The Wedge

On the video today the first bit where I was looking at the action so far as a likely bull flag that should deliver a retest of the HOD is now obviously out of date, as the flag then broke up and made target, and we have a new HOD. That was unfortunately only of...

Life Is What Happens ……

......... While You Are Busy Making Other Plans - Allen Saunders The ideal day for the bears today, after yesterday's strong break over the daily middle band, would have been an AM high in the 2735-40 range on ES, then a break and conversion to resistance of 2716 on ES, and a trend day down...

Rally Ending?

The hourly buy signals on ES, NQ, SPX, and NDX all reached target today and the RSI 5 buy signal on RUT has reached target as well. Only the hourly RSI 14 buy signal on RUT hasn't yet reached target and that is weakened by fixing at the same time as the RSI 5 buy...