Tag: S&P 500

A Short History Of Superflu Pandemics

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 six posts so far. 18th February - Peering Through The Fog Around Coronavirus COVID-19 24th February - Some Genuine Coronavirus Numbers Coming Through 28th February...

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Tag: S&P 500

Breaking Up Isn’t Hard To Do In 2017

Bears really haven't made a significant impression on equity indices this year and, statistically, there's not much reason to think that might change in the last month of the year. One key trendline that I have been watching is the very decent looking rising wedge resistance from the 2016 low and that has broken up...

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Tag: S&P 500

The Falling Megaphone on RUT

A very key pattern that I've been watching here for direction is the likely falling megaphone on RUT.This has been a slow developer and has now been forming for an impressive seven weeks. Assuming that this is indeed a falling megaphone then the next target within the megaphone is megaphone resistance, now in the 1511...

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Tag: S&P 500

Janus Flags

The Janus flag setup I was looking at on Wednesday delivered yesterday and I'll talk a little more about these today as they are relatively common and worth remembering. In this case on SPX what appears to be a high quality H&S has formed and broken down towards a target in the 2635 area. In...

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Tag: S&P 500

Waiting For A Break

The daily RSI 14 sell signal that I was looking at yesterday fixed at the close, and there are now fixed daily RSI 5 and RSI 14 sell signals on both SPX and ES, though the SPX RSI 5 sell signal may well reach target at the close today. SPX daily chart: At the open...

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Tag: S&P 500

A Lot Of Sell Signals

There are a lot of open sell signals on the SPX & ES charts here. On SPX there is still a strong RSI 5 / NYMO sell signal that could reach target today on a weak close. If we see that weak close the possible RSI 14 sell signal brewing here would likely fix. SPX...

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Tag: S&P 500

A Whiff Of Grapeshot

Nice trend down for the first half day today. There is still an outstanding H&S target below on NQ in the 5975 area, but the strong support zone on ES in the 2539-43 has been tested with the LOD currently at 2541.5. That is a possible H&S neckline, and if a right shoulder forms the...

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Tag: S&P 500

The Trump Stock Market Rally is Coming to an End

The Trump Stock Market Rally is coming to an end. Donald Trump’s election victory has been credited by the media for the late 2016 - early 2017 rally in stocks. Some investors speculate that the new president’s tax and regulatory reforms, along with anticipated infrastructure spending, have spurred a wave of euphoria on Wall Street. ...

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Tag: S&P 500

Chart Chat for September 6th, 2015

Below is the Chart Chat video for September 6th. This session was an hour in length and we covered Indexes,? Currencies, Energies, Precious Metals, Bonds and a Q&A session. Jack and I have started our subscription services. Please check out our new subscriptions here -? https://theartofchart.net/2015/09/06/subscription-services-now-avaliable/ We are now offering Chart Chat as a subscription...

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Tag: S&P 500

Friday Update – SPX, RUT, ES, Oil USD and Gold/Silver

The Friday Update is below and it covers SPX, RUT, ES, Oil, USD, and Gold. We did get the turn we expected in the indexes in the 1900 area as possible support as per the Monday Update. We got the turn we called on Wednesday at the monthly pivot and now a decision is being...

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