SPX – Page 32 – The Art Of Chart

Tag: SPX

Rally Time

This is a full intraday video as I haven't posted this week. Looking for a rally here on equities that should run into next week. After that, we should see the 2018 lows at least retested. Intraday Video from theartofchart.net - Update on ES, NQ, and TF - and CL, NG, HG, GC, ZB, DX, EURUSD, GBPUSD,...

Hold Or Fold

Obviously, the rejection candle opportunity for bears yesterday was a one day only thing, and that day has passed. What we are seeing today is a decent little retracement that has a chance to grow into a larger backtest of the daily middle band. I'm talking about that in the video below: Intraday Video from theartofchart.net -...

Breaking Over A Daily Middle Band – Day Two

SPX and RUT both broke with confidence over their daily middle bands on Friday and such a break is a two-day process. Bears get a potential "Get Out Of Jail Free" card the next day if they can deliver a rejection candle that closes back below the middle band, and bulls need to deliver a...

Price Is King

Since I started posting on YouTube a few weeks ago, we have doubled subscribers on our channel there to slightly under 500. I have calculated that if we can continue doubling subscribers every two months for the next three years, then we can overtake the current biggest YouTube star, currently at about 80 million subscribers...

Still Testing SPX Middle Band Resistance

I try to post a full video once a week, so I'm posting one today. If you're just interested in the equity indices, I cover those at the start of the video. Stan and I are doing two free webinars tonight: the first is on trade execution 30 minutes after the RTH close, and the...

We Will All Go Together When We Go

I remember seeing the very talented satirist Tom Lehrer on his last world tour in the 1980s, the "Poisoning Pigeons In The Park" tour. Today's title is a small homage to one of my favorites in his repertoire, as well as a note that as and when equities are ready for the next leg down,...

Testing SPX Middle Band Resistance

I have a question for my beloved readers today and I'm hoping one of you has a good answer. I've teamed up with an options expert friend to run a directional options portfolio based main on futures options for the last three months, and we've been recording the (very impressive so far) trades and results...

Into The Likely Rally High Zone

A couple of announcements today: Firstly, tonight's webinar at theartofchart.net has been delayed a week due to an unavoidable conflict, and will now be held on the same night as our Big Five & Sectors webinar on Thursday next week. You can register for either or both on our February Free Webinars page. The second announcement is that...

Trendline Evolution At Work

There has been a remarkable similarity on the patterns from last Friday's low on all of ES, NQ, and TF, with rising wedges forming then breaking down. I was expecting consolidation to establish less steep support trendlines and in a remarkable convergence, all three of those initial rising wedges evolved into the perfect rising channel...

Just Another Rally ……… Probably

Nice rally from Friday's low. Not expecting that to be the retracement low but there are fixed hourly RSI 14 buy signals that are not close to target and my lean would be that there is at least some more upside coming. Intraday Video from theartofchart.net - Update on ES, NQ, and TF: https://www.youtube.com/watch?v=HOwhzdz-KdE On the daily charts,...