- WE'RE JUST RANDOM SPECKS OF DUST IN A TORNADO TO THE MARKETS .......
- CHARTISTS MUST PUT ALL BIAS ASIDE AND LET THE CHARTS DO THE TALKING OR WE'LL SEE ONLY WHAT WE WANT TO SEE
- This blog has a copy of all header posts that I publish anywhere, so that those interested in seeing what my thoughts are on the markets can find them easily.
- I will be answering questions and responding to comments, so feel free to respond to any posts and I will see your comment even if it is not on the most recent post.
- If you're interested in seeing any intraday charts I post, I do that on twitter, and my twitter handle is @shjackcharts.
- The charts in the posts are as large as I can practically make them. if you would like to look at one more closely, click on it, and the link will take you to a larger version at screencast. If you click on that again, you will get a full page version, and can use the resizing function on your browser to enlarge parts of interest further.

Friday 18 November 2016

TGIF

It's been a long week & I'm very happy it's Friday. I'm out most of today so just a quick post before I go.

Not expecting any real fireworks today. ES/SPX on the thrust up from that triangle and has reached the minimum target at a new swing high. There is an open target at a retest of the all time high on SPX, and the high so far today was just four handles below that, but it doesn't have to be hit now. ES Dec 60min chart:
NQ still looking pretty heavy and a 60min sell signal fixed overnight. The first support trendline shown below has now broken. NQ Dec 60min chart:
A 60min sell signal fixed a couple of days ago on TF and it hasn't made much progress up since. I have possible channel resistance in the 1322-4 area but I'm doubtful about hitting that today. Maybe. TF Dec 60min chart:
If you missed the free webinar Stan and I did last night the recording for that here. If you are a student of market history then you'd likely find the pattern and fibonacci analysis I showed on the 1987 and 2008/9 crashes very interesting. Everyone have a great weekend.
Posted by Springheel Jack at 12:07
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