SPX – Page 5 – The Art Of Chart

Tag: SPX

Possible Break Down Starting

[vc_row][vc_column][vc_column_text]I was hoping that SPX would go higher and test a possible resistance trendline in the 4300 area and that is still possible, but reviewing the charts over the weekend there is a strong possibility that SPX is about to break down. So far the high is a near perfect backtest of the monthly middle...

Very Important Resistance Area Here

[vc_row][vc_column][vc_column_text]The possible H&S I was looking at on Friday morning didn't form and the move to retest the prior high has done some interesting technical damage to the bear case, so I wanted to have a look at that this morning. The SPX hourly chart below shows the break over declining resistance from the all...

Turning As Expected So Far

[vc_row][vc_column][vc_column_text]I'm finding it difficult to get back into doing more than one post a week. I shall try hard to get two out next week. On SPX a week ago I was looking for a reversal under declining resistance from the all time high, and ideally a decline and high retest to set up a...

Friday The Thirteenth

[vc_row][vc_column][vc_column_text]I mentioned in my post a week ago that on a break back over the daily middle band there were fixed buy signals on the daily and hourly charts that might carry SPX significantly higher and so it was, with SPX hitting 3997 at the high yesterday, and those buy signals have now all made...

Much Ado About Nothing

[vc_row][vc_column][vc_column_text]I had an interesting December with a nasty case of COVID after I moved, and a slow and intermittent recovery. Feeling better now and I lost a stone over the month so my January diet was at least cancelled. :-) So where are we now on SPX after the rally from the low in mid-November?...

Flags – As Above So Below

[vc_row][vc_column][vc_column_text]I'm in the throes of moving house at the moment and am struggling to get posts out so there may be just one a week or so until I've finished in three or four weeks. It looks like I may actually need to take a whole week off at the end of the month which...

Strange Days

[vc_row][vc_column][vc_column_text]My apologies for this being the first post this week. I'm moving very soon and am very busy with that. As of the close yesterday the bear setup here to get SPX back to double falling channel support in the 3340 area was looking very nice indeed. The smaller falling channel wasn't broken by the...

The Road to 3340 SPX

[vc_row][vc_column][vc_column_text]As of Friday's close our Follow The Leader service at theartofchart.net was up 168% year to date with 90% winners so far. This is an autotrading service in partnership with GFF Brokers, official broker for the World Cup Advisor Auto Trade programs. This is included in our Daily Video Service and if you're interested in...

Testing The Weekly Middle Band

Short Term High …. Perhaps More

[vc_row][vc_column][vc_column_text]I posted the chart below on my personal twitter yesterday morning with the comment that a retracement was likely and that a possible rally high was being made. I was looking at the perfect hit of the ideal possible rising wedge resistance trendline for this move and the very large amount of negative divergence on...