- 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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Thursday, 3 November 2016

Interesting Day

I mentioned on twitter yesterday afternoon that the positive divergence that was absent at Tuesday's lows was very much present at Wednesday's lows. 60min buy signals have fixed on ES and NQ and a rally looks good here, though if bulls lose VWAP at 2093.5 this morning then we might retest the overnight lows. ES Dec 60min chart:
On the NQ and TF charts I've pointed out that there are still open double top targets that have not yet been reached. That looks like unfinished business below, so while a rally looks good here, I'd be leaning against a retracement low being in yet. NQ Dec 60min chart:
TF Dec 60min chart:
A lot of markets looking very interesting this morning so I tweeted the premarket video that I recorded for Daily Video Service subscribers at theartofchart.net this morning. You can see that here. Today should be an interesting day, from a TA perspective at least :-)

Stan and I are doing our monthly public Chart Chat on Sunday and that is free to all so you can register for that here if you want to attend. We will be covering the usual 30-40 instruments across all the main trading markets and will be well worth attending unless you have an allergy to high quality TA, or if you feel that seeing the higher probability paths for the prices of the instruments that you trade is cheating.

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