- 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 5 May 2017

Resistible Force Meets Movable Object

Another day with not much conviction either way, but the bull flags on ES and NQ have broken up and the odds are good that the SPX all time high will be tested ....... before the heat death of the universe ....... probably. Really dull tape this week though.

SPX 60min chart:
SPX daily chart:
The futures charts below were done before the open for Daily Video Service subscribers at theartofchart.net. If you are interested in trying our services a 30 day free trial is available here.

Solid break over the ES bull flag channel now. ES Jun 60min chart:
NQ broke over the bull flag on the NFP numbers and has done a strange but genuinely impressive job since of not covering the short distance to the minimum target at the all time high retest. NQ Jun 60min chart:
TF hasn't broken up from the bull flag channel yet but is close. TF Jun 60min chart:
Stan and I are doing our monthly free public webinar at theartofchart.net at 4pm EDT on Sunday. If you are interested in attending then the link to register is on our May Free Webinars page. Everyone have a great weekend :-)
Posted by Springheel Jack at 15:43
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