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Advantage Bulls

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All charts used this morning were ones that I did at the weekend for the Trader’s Chart Service at theartofchart.net.

The NQ falling wedge that I identified on Wednesday last week defined the rest of the week, with the high on Wednesday night, the low on Thursday and the high on Thursday night, before the 70% bullish falling wedge broke up on NFP on Friday and retested the break on Friday afternoon. The obvious next target is a retest of the all time high, bolstered by the likely failure of the H&S on NQ and of the double top patterns on both ES and TF. NQ Sep 60min chart:

160903 NQ Sep 60min

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