It’s been a long week & I’m very happy it’s Friday. I’m out most of today so just a quick post before I go.
Not expecting any real fireworks today. ES/SPX on the thrust up from that triangle and has reached the minimum target at a new swing high. There is an open target at a retest of the all time high on SPX, and the high so far today was just four handles below that, but it doesn’t have to be hit now. ES Dec 60min chart:
NQ still looking pretty heavy and a 60min sell signal fixed overnight. The first support trendline shown below has now broken. NQ Dec 60min chart:
A 60min sell signal fixed a couple of days ago on TF and it hasn’t made much progress up since. I have possible channel resistance in the 1322-4 area but I’m doubtful about hitting that today. Maybe. TF Dec 60min chart:
If you missed the free webinar Stan and I did last night the recording for that here. If you are a student of market history then you’d likely find the pattern and fibonacci analysis I showed on the 1987 and 2008/9 crashes very interesting. Everyone have a great weekend.
