- 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, 19 December 2017

Probably A Dip To Buy

I was seeing a possibility of a retracement  last night and was talking about that this morning in my premarket vid. The 60min sell signals on ES and NQ have made target but there is a strong case on NQ for a hit of a wedge support trendline currently in the 6460 area and that has not yet been hit. On TF this is likely to be a pullback to establish a rising support trendline before the high probability retest of the all time high, though obviously this is a big news bomb week. Intraday Video - Update on ES, NQ and TF
Here is the double bottom setup on RUT/TF shown on RUT. The action from yesterday's high looks like a bull flag forming, and most likely that's exactly what it is. RUT 60min chart:
If you are enjoying these intraday video updates you can see those earlier by subscribing to our YouTube channel for The Art Of Chart. I tend to be uploading these an hour or so before the posts as the posts take extra time to prepare.

There is a lot of news this afternoon and tomorrow. Be wary.

No comments:

Post a comment