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 the major Control at 5635 would be better still. Note that […]

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 the 1/2R from high for June contract. See chart, ES is testing that level. 1/2R from high […]

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 5244 – ES remains in a very weak position even on the shortest timeframe. The v min Control […]

Please note that the following was posted on https://chartprofit.substack.com/ on April 8. Due to a technical issue, the post was not archived here until April 11th. I’ve been monitoring 5244 (a Control of a previous Major distribution)’. Pre-RTH that level was briefly tested – just before Open ES prints 5219. Price printing time above that […]

pre-RTH on Friday I wrote.. ‘there is potential Support at 5244 (a Control of a previous Major distribution)‘ and.. ‘time below that level would indicate further weakness‘. Friday’s Value Area was generated entirely below that level. ES has fallen sharply again overnight.I would want to see signs of Effective Buying (green) before even considering the […]

There is potential Support at 5244 (a Control of a previous Major distribution). That has been tested and for now ES has bounced back a little. Time below that level would indicate further weakness. I would want to see signs of Effective Buying (green) before even considering the long side.

See Tuesday’s note, highlighted on chart. As previously noted, the major Control fell on Monday to 5635 and currently ES prints below that level – a weak position. imo a Value Area generated entirely above 5670 would be the first sign of strength.

See yesterday’s note, highlighted on chart. During Tuesday’s session ES found Support in the area of the Control at 5635 (arrowed) and today’s session opened below that level and immediately recovered it. On an ‘normal’ day (if there is such a thing) that would be ST bullish price action and I’d be looking for a […]

Development: The Control migrated lower to 5635 (from 5754). Now important to monitor price relative to that level. Below is a weak position.ST: Price printing time above 5670 would be first sign of strength in the ST.