Jack Chappell aka Springheel Jack - A Classical Trendline Chartist's View of Equities, Bonds, Forex and Commodities
- 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.
Wednesday 27 December 2017
Three Wise Patterns Bearing Gifts Of Volatility
I hope everyone had a great holiday and so far this week the tape has been pretty tedious. However I bring glad tidings, as the pattern setup here says that is likely to be changing in the near future. I've included my full premarket video today just to show that even with interesting things likely to start happening on equity indices, there are still more interesting things happening on many other markets this week. The equity indices section is at the start of the video, followed by quick looks at DX, CL, NG, HG, GC, ZB, KC, SB, CC, ZW EURUSD, GBPUSD, JPYUSD, CADUSD, AUDUSD and NZDUSD. Enjoy! Intraday Video - Update on ES, NQ and TF:
On the ES chart the boring chop of the last few days has resolved into a clear triangle. This leans bullish and on a break up over triangle resistance at 2693/4 ES should then at minimum retest the all time high. ES Mar 60min chart:
On the NQ chart the less boring decline over the last few days has resolved into a clear bull flag channel, and on a break and conversion of weekly pivot just under 6500 NQ should then at minimum retest the all time high. NQ Mar 60min chart:
On the TF chart the boring chop of the last few days has resolved into a clear triangle. This leans bullish and on a break up over triangle resistance at 1555 TF should then at minimum retest the all time high. There is still an open double bottom target at the same retest. TF Mar 60min chart:
These three retests may reject into three small double tops so I'll be watching them carefully. Stan and I are doing free public webinars at theartofchart.net after the closes today and tomorrow looking at the outlooks in 2018 for indices, currencies and bonds (today) and metals, energies and other commodities (tomorrow). If you'd like to attend you can register for those here.
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