Winter Is Here

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A modest storm by US standards is passing over the UK. We have enough snow for a modest selection of snowballs, and I’m planning a quiet weekend in, relaxing while doing no more than an absolute maximum of seventy charts and three videos before Monday. I might light a nice coal fire if the snow lasts.

Intraday Video – Update on ES, NQ & TF:

So are we starting a B wave down from this area? Possibly and for that I’ll be watching the open gap from 6316.28 on NDX. If that is filled then the gap over resistance on NQ this morning was not a breakaway gap, and we may be starting a new leg down. NDX daily chart:

171208 NDX Daily

Everyone have a great weekend. 🙂