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German DAX has held the 1/2R so far. That’s a positive – see updated chart below. DAX is a leader in this rally. Price relative to that level is worth monitoring.
below posted 16th April
1/2R for the German DAX is just below 21,000. See chart below. Worth watching. DAX has recovered the 1/2R – can it build a base above that level?
As noted yesterday, on Monday the major Control migrated to 5244.5. Tuesday’s Value Area was generated entirely above that level which means for the first time this month ES is in a strong position. Bulls should look for 5244.50 to hold as Support or be recovered quickly on a test. Time below that level would now be a problem for bulls. (Note that the major Control for NQ is now at 18207).
There is natural Resistance at 5533 (dashed line) which is the 1/2R from high for June contract (NQ = 19559) Price printing time above that level would be the next positive for ES.
LT Development: The major Control has migrated to 5244.5, see note 4th March on chart. Price relative to that level is important to monitor. Time below the Control would be a negative - weak position.ST Development: Minor Control (1 month) migrated … [Continue reading]
Minor Control migrated lower to 5387 (from 5429). That is First Resistance today. Significant Selling (red) marked yesterday. … [Continue reading]
1/2R for the German DAX is just below 21,000. See chart below. Worth watching. DAX has recovered the 1/2R - can it build a base above that level? Read this post on Substack … [Continue reading]
Pre-RTH-open ES is printing below 5429, the minor Control. Bulls would want to see this level recovered.The next Level of Resistance is the 1/2R at 5533 (dashed line), see note 04/10. Read this post on Substack … [Continue reading]
ST: The minor Control migrated higher again to 5429.0. Price relative to that level is worth monitoring post-RTH open today.Read this post on SubstackLT: First Level Resistance is the 1/2R at 5533 (dashed line), see note 04/10 … [Continue reading]
Read this post on Substack On Friday the minor Control migrated to 5313. That is now First Level Support. First Level Resistance is the 1/2R at 5533 (dashed line), see note 04/10. Bulls would want to see time building above that level; price above … [Continue reading]
Please note: the following was posted on https://chartprofit.substack.com/ on April 10. Due to a technical issue, the post was not archived here until April 11th. Strong rally yesterday. There is natural Resistance at 5533 (dashed line) which is … [Continue reading]
Please note: the following was posted on https://chartprofit.substack.com/ on April 9. Due to a technical issue, the post was not archived here until April 11th. See yesgterday's note, on chart. Tuesday's Value Area was generated entirely below … [Continue reading]