SPX – Page 21 – The Art Of Chart

Tag: SPX

The First Five Trading Days Of January

The holidays are ending and volume should be coming back into markets next week as players return. New Year's Day on Wednesday is obviously a holiday as well, and the five trading days after that will be closely watched to deliver an indication of how the rest of 2020 might go. I'll be looking at...

Not Even A Mouse

Well the holidays are upon us, and many of those of us with lives, or even just social lives, have taken a couple of weeks off to do non-market stuff. Even the algos seem suspiciously quiet and may be taking a few days off too. I'm still here because .... well ....... it's my job,...

All Targets Great And Small

A week ago I was looking at upside targets on ES and the extended target on ES was in the 3180 target, made by the close of the week. I had other upside targets too with an extended IHS target on NQ that made target at the same time, and bull flag high retests on...

Forming The SPX High

I was talking about mean reversion in my post at the weekend and that was well timed, with the first spike down on Monday. The daily RSI 5 sell signal fixed and reached target and there was the first sustained break under the SPX 50 hour MA since the cross back above that in the...

Coming Soon – Mean Reversion

I've been talking in my last few posts about expecting a significant high at the end of November, to be followed by a downward cycle into April 2020, and here we are at the end of November, so how's that looking here? Well as it happens a rare and significant event happened at the close...

So Far, So Good

I remember my father giving me an example a long time ago of the dangers of forecasting through extrapolation, and it was to imagine a man who had stepped off the top of the Empire State Building, and was overheard to murmur as he fell past the 51st story 'So Far, So Good'. The point...

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....