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.
Tuesday 13 March 2018
Buffing Fingernails Modestly
Stan and I were saying in the monthly free public Chart Chat on Sunday that the last day of the cycle high window was today and we were expecting to see a rally high made by the end of the day. You can see the recording of that here. There was obviously no doubt in our minds (wipes last of cold sweat from brow), and we should be putting in the first stage of that now. Hourly RSI 14 and RSI 5 sell signals fixed this morning on all of SPX, NDX and RUT, and except for RUT, the RSI 5 sell signals have reached target in this first push down. We are expecting more downside, likely a lot more downside.
I haven't posted a full intraday video for a few days, so this is the full version also including DX, CL, NG, HG, GC, ZB, KC, SB, CC, ZW, EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD & NZDUSD. I do a premarket video every day for subscribers, and a full intraday video most days, and Stan does a post market video every night.
Intraday Video from theartofchart.net - Update on ES, NQ and TF, DX, CL, NG, HG, GC, ZB, KC, SB, CC, ZW, EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD & NZDUSD:
As I write with ES at 2770, SPX is starting to break rally channel support. On a break below I have a double top target on ES at 2760.50. Ideally that would be hit today. SPX 60min chart:
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