- 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
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Tuesday 14 February 2017

High Window - Final Day

The high window has been extended somewhat by the strength of this move, but today is the last day of the window. It could just about run into tomorrow but at the least the high should be very close. Short term this looks like a rising wedge on a lot of negative divergence. A break below today's low at 2322.17 should confirm a high. SPX 60min chart:
If SPX does run a bit higher I do have an eye on a 100% fib extension target at 2357. I also have targets a little higher on NQ and AMZN so I'm wondering about that possibility. SPX daily chart:
This all looks like a bearish overthrow and I've not seen anything yet that has me concerned about this being more than an irritatingly extended high. If this uptrend extends into the close on Thursday that might well change.
Posted by Springheel Jack at 15:56
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