ChartProfit Chart Book – week ending 28th August 2020

Strong trend up this week with each day’s Value Area generated above the previous day’s poc. Thursday’s low tested Wednesday’s poc and rallied immediately. See 08/19 pre-open comments, highlighted on chart. 3370.50 is First Level Support of importance. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This […]

See Monday’s pre-open comments, highlighted on chart. Aggressive Buyers marked last three days – that’s rare. 3370.50 is First Level Support. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This indicated weakness and FTSE sold off to test the major Support at 5870 in late July – […]

See Monday’s pre-open comments, highlighted on chart. Aggressive Buyers marked on Monday and Tuesday. 3370.50 is First Level Support. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This indicated weakness and FTSE sold off to test the major Support at 5870 in late July – that has […]

See yesterday’s pre-open comments, highlighted on chart. Aggressive Buyers marked on Monday. 3370.50 is First Level Support. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This indicated weakness and FTSE sold off to test the major Support at 5870 in late July – that has held so […]

from pre-open 19th Aug >>Significant Buyers are still responding to minor opportunities and until that dynamic changes I assume they remain in control.<< That remains the case. Last week there were three rejected tests of the 3370.50 First Level Support but all five Value Areas were printed above that level. ES is auctioning out to […]

ChartProfit Chart Book – week ending 21st August 2020

Pre-open today #ES is printing just below the 3370.50 Support. A Value Area printed below that level would be the first sign of weakness and increase the odds of a re-test of the Support at 3217.50 Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This indicated weakness […]

Early in Tuesday’s session there was a rejected test of the 3370.50 Support, see yesterday’s comments, and again late in Wednesday’s session. Pre-open today ES is printing below that Support in a weaker position. If the location of today’s Value Area is below that level it would suggest further weakness – possibly re-test of the […]

Early in Tuesday’s session there was a rejected test of the 3370.50 Support. ES rallied strongly from there. Significant Buyers are still responding to minor opportunities and until that dynamic changes I assume they remain in control. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This indicated […]