I'm on holiday in Spain for a few days and the place I'm staying is just beautiful. The scenery is lovely, the hotel is nice, the food is great, and the internet access is terrible. I can get internet access in only two places here, in the main bar and in hotel reception, and it's as though I have stepped back into the 1990s. I'm writing this from the bar this morning but, realistically my ability to keep up with the markets from here is going to be very limited and, this will therefore be the last daily post until I'm back at home on Friday 20th July. I'll be checking in from time to time and will post any interesting charts on twitter at @shjackcharts. I'll also do my MarketShadows weekend post on Saturday and will tweet that when I've posted it.
The SPX low on Friday was a very nice technical low and I would generally expect that to be the short term swing low. Here's the chart I posted on twitter on Friday afternoon showing the very nice W bottom that formed on positive RSI divergence on the SPX 15min chart:
- This blog has a copy of all header posts that I publish anywhere, so that anyone who is interested in seeing what my thoughts are on the markets can find them easily.
- I will be answering questions and responding to comments, so feel free to respond to any posts and I will see your comment even if it is not on the most recent post.
- If you're interested in seeing any intraday charts I post, I do that on twitter, and my twitter handle is @shjackcharts.
- The charts in the posts are as large as I can practically make them. if you would like to look at one more closely, click on it, and the link will take you to a larger version at screencast. If you click on that again, you will get a full page version, and can use the resizing function on your browser to enlarge parts of interest further.