- 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.
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Friday 20 April 2018

Another Friday, Another Inflection Point

Well SPX has finally retraced over the last couple of days, and the bull/bear line that I'm talking about on the video is rising support from the April low. That was tested as expected not long after I recorded the video and that's holding so far. On a break below this rally has likely ended unexpectedly early. If it holds then SPX should do another leg up into the 2730s and triangle resistance there. I'm leaning towards another leg up unless that trendline support breaks. We shall see. Intraday Video from theartofchart.net - Update on ES, NQ and TF:
Here's the overall triangle setup on SPX. SPX 60min chart:
Everyone have a great weekend. :-)
Posted by Springheel Jack at 16:17
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