- 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.

Monday, 15 August 2016

In the High Window

The cycle high window on SPX opened yesterday and the centre of that window is Monday 22nd August. Stan and I are expecting the swing high in the first half of the window. SPX has made a new all time high at 2191 this morning and may need to go higher. We're thinking max 2215 area, but there's no actual need to go any higher than 2191. We'll see.

SPX daily chart:
SPX 60min chart:
SPX 15min chart:
I'd note that a 4% retracement from this morning's high would be a retest of the 2100 area. I'd be looking lower but that might be all that we see.

No comments:

Post a comment