- 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, 12 December 2017

Santa With Some Reservations

Looking at the shorter term charts there are some signs that we might see a retracement, though with Fed tomorrow any retracement may need to wait until then. There is a possible case for NQ to backtest the weekly pivot at 6344. Intraday Video - Update on ES, NQ and TF:
On the SPX daily chart I've been showing the possible bigger picture resistance trendline being tested and that's still being tested, on quite a bit of negative RSI divergence. Significantly higher targets on RSI require at least a temporary break of that trendline. SPX daily chart:
The Fed tomorrow are an obvious potential market mover obviously, and quadruple witching expiry this week argues against any serious move until next week. Seasonality argues against any serious retracement in the next two weeks until Xmas is out of the way.

Friday, 8 December 2017

Winter Is Here

A modest storm by US standards is passing over the UK. We have enough snow for a modest selection of snowballs, and I'm planning a quiet weekend in, relaxing while doing no more than an absolute maximum of seventy charts and three videos before Monday. I might light a nice coal fire if the snow lasts.

Intraday Video - Update on ES, NQ & TF:
So are we starting a B wave down from this area? Possibly and for that I'll be watching the open gap from 6316.28 on NDX. If that is filled then the gap over resistance on NQ this morning was not a breakaway gap, and we may be starting a new leg down. NDX daily chart:
Everyone have a great weekend. :-)