I’m working against the clock again so I’m mainly going to let the charts tell the story today.
The very short version is that SPX, ES & NQ are testing big support areas today and our lean is that they find support there today into a higher high next week, after which we see a return to these support levels and likely a conviction break below. Number, level, rationales etc all on the charts. TF important today as there is already a possible double top there that needs to not break down with conviction.
Stan and I are doing our monthly public Chart Chat at theartofchart.net on Sunday and we will be looking at everything in detail there. If you’d like to attend then you can register for that here. I talked about the setups in my premarket video for Daily Video subscribers at theartofchart.net this morning and if you missed me posting that on my twitter earlier you can see that here.
ES and NQ have already delivered acceptable rising wedge support tests this morning. Not hit on SPX yet but not necessarily required. Everyone have a great weekend. 🙂
SPX 60min chart:
SPX daily chart:
ES Mar 60min chart:
NQ Mar 60min chart:
TF Mar 60min chart:
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