Running late today, the picture on SPX is mixed, and I’ve been getting a few requests for updated pictures on gold, bonds etc in recent days so I’m reposting here the seven charts I posted for daily video subscribers at theartofchart.net this morning. ES, NQ and TF all looking for a bounce before possible further downside. We’ll see how that develops and I’d note that the possible symmetrical triangle on SPX that appeared to be forming at the close yesterday is breaking down this morning.
The last four charts are for DX, CL, GC and ZB with my current take on those. All looking interesting today with all of them close to significant inflection points. If you’d like to see these every morning then you can sign up for the daily video service here. Stan also does that daily video every night and there is a private twitter feed where shorter term updates are posted as well.
If you want a broader view on these instruments there is a video posted of our monthly free Chart Chat that we did on Sunday and you can see that here.
ES Mar 60min chart:
NQ Mar 60min chart:
TF Mar 60min chart:
DX Mar 60min chart:
CL Apr 60min chart:
GC Mar 60min chart:
ZB Jun 60min chart:
I currently have ES rising wedge support in the 1972 area and that is a match with the ES weekly pivot at 1974 (1976 SPX area). Unless that level is broken I’m looking for at least a retest of the current rally high before a possible serious reversal back down.
