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E-mini S&P 500 futures 22nd April 2026

Posted on April 22, 2026 Written by Chart Prophet

LT: I’ve written, ‘Bulls very much in Control right now‘. I set bullish targets on 04/17 (see note on chart) but ‘price back below January’s high at ES 7096.5 (SPY 697.84) could indicate a false breakout (Bull trap) – watching for that’. If previous highs (see second chart) fail to Support a test then Bulls would want to see them recovered quickly.

ST: In the note 04/17 I wrote ‘Market needs to settle for a while before a reference level, even minor, can develop‘. A minor (10dy) Control has now emerged at ES 7137.50. Price relative to that level is worth monitoring post RTH-open today.

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E-mini S&P 500 futures 20th April 2026

Posted on April 20, 2026 Written by Chart Prophet

Market needs to settle for a while before a reference level, even minor, can develop – and it wasn’t in that kind of mood last week. In fact, since the March Low we’ve seen three weeks where the low of the week is on Monday or Tuesday and the week finishes close to the highs – three weeks of relentless Buying that recovered all the losses of the Feb/Mar decline.

I wrote on Friday ‘In the ST, price back below January’s high at ES 7096.5 (SPY 697.84) could indicate a false breakout (Bull trap)‘ – watching for that, but no sign of it so far. Bulls very much in Control right now.

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E-mini S&P 500 futures 17th April 2026

Posted on April 17, 2026 Written by Chart Prophet

Three consecutive Value Areas printed entirely above the Major Control at 6853. That's a big positive in the longer term and a level of strong Support now. ES has rallied so quickly this week it has not developed Points of Control (time at price) of … [Continue reading]

S&P 500 ETF – SPY 16th April 2026

Posted on April 16, 2026 Written by Chart Prophet

I wrote yesterday 'If SPY prints a new high today it will have recovered the whole 2-month decline in little over two weeks'. See second chart - SPY broke to a new high yesterday and that's great (old high was 697.84). read this post on … [Continue reading]

E-mini S&P 500 futures 15th April 2026

Posted on April 15, 2026 Written by Chart Prophet

I wrote yesterday 'ES is now printing above the Major Control at 6853 and this is a much stronger position. Bulls would not want to see ES printing time now back below that level'. Not much to add. If SPY prints a new high today it will have … [Continue reading]

E-mini S&P 500 futures 14th April 2026

Posted on April 14, 2026 Written by Chart Prophet

ES is now printing above the Major Control at 6853 and this is a much stronger position, see notes 4th & 8th April, highlighted on chart. Bulls would not want to see ES printing time now back below that level. read this post on Substack … [Continue reading]

E-mini S&P 500 futures 13th April 2026

Posted on April 13, 2026 Written by Chart Prophet

I wrote on Thursday that price printing time above 6853 'would put ES in a much stronger position'. As I've often written, at times of stress the market will move to a controlling price. In this case it looks like 6853 rather than 6657, which … [Continue reading]

E-mini S&P 500 futures 9th April 2026

Posted on April 9, 2026 Written by Chart Prophet

I wrote yesterday 'Since ES broke above that Resistance (6657) overnight it has rallied quickly to approach the Major Control at 6853. Price printing time above this level would put ES in a much stronger position'. read this post on … [Continue reading]

E-mini S&P 500 futures 8th April 2026

Posted on April 8, 2026 Written by Chart Prophet

The Resistance at 6657 has been convincingly recovered which was ‘the first minor indication of strength’, see note 31st March. Since ES broke above that Resistance overnight it has rallied quickly to approach the Major Control at 6853, see note 25th … [Continue reading]

E-mini S&P 500 futures 2nd April 2026

Posted on April 2, 2026 Written by Chart Prophet

I wrote Tuesday 'I need to see the first minor indication of strength on the chart which would be time spent back above 6657, the minor Control, otherwise it's still a falling knife'. I wrote yesterday 'ES hasn't reached that level yet and for … [Continue reading]