Thursday generated a Value Area entirely above 3106.5, the 10mn poc. As long as ES holds that level it is in a strong position in the ST. Longer-term Support is at 2926, the 2yr. Pre-open today ES has printed above 3170. Key charts FTSE 100: recent multiple rejections at 6312 (1/2R Resistance off last year’s […]

ES has opened higher today. See yesterday’s pre-open comments, highlighted on chart. On Wednesday enough time was spent at 3106.5 to lift the 10mn to that level. This is now First Level Support. Key charts FTSE 100: recent multiple rejections at 6312 (1/2R Resistance off last year’s high). Bulls would want to see that level […]

Tuesday’s session opened just above 3036.5, the 10mn poc, and then immediately rallied. I wrote yesterday that “Bulls would want to see a VA printed back above that level” and that’s what we saw, with Aggressive Buying (green-at-top) being marked. A constructive day and as long as ES holds 3036.50 it is in a strong […]

Last two Value Areas have been generated below 3036.5, the 10mn poc, = weak position. Bulls would want to see a VA printed back above that level. If there is further weakness this week then hopefully the minor Value Area Low at 2951 would reject a test but First Level Support in the longer timeframe […]

Friday’s Value Area was generated entirely below 3036.5, the 10mn poc, and therefore ended the week in a weak position. Pre-open today, ES is printing below that level. If there is further weakness at the start of this week then hopefully the minor Value Area Low at 2951 would reject a test but First Level […]

ChartProfit Chart Book – week ending 26th June 2020

The minor poc (now 10mn) has migrated lower with Thursday’s price action, see yesterday’s highlighted comments. ES is currently printing above that level, and needs to hold it to remain in a strong position. First Level Support in the longer timeframe is at 2926. Key charts FTSE 100: upside last week was capped at the […]

Last week, the 8month migrated to 3106.5, see chart. An early probe into that Resistance was rejected early in Wednesday’s session and ES declined from there. Bulls would want to see that level recovered quickly or the 8mn migrating lower. First Level Support is at 2926. Key charts FTSE 100: upside last week was capped […]

Last week, the 8month migrated to 3106.5, see chart. Today emini SP500 is printing back below that level in a weaker position. Bulls would want to see that level recovered quickly. Key charts FTSE 100: upside last seven days has been capped at the 6312, 1/2R Resistance. Lower today. DAX: the 4yr is at 12240. […]

Last week, the 8month migrated to 3106.5, see chart. Today ES is printing above that level today in a strong position. Time printed above the poc would be further bullish price action. Key charts FTSE 100: upside last six days has been capped at the 6312, 1/2R Resistance. Price above that level would be a […]