ES failed at First Resistance on Thursday, 4526.5, and immediately retreated, see yesterday’s pre-open comment. Price back above that level would be ST positive. There is minor Support at 4500.50 but a Value Area printed entirely below that level would indicate a test of 4391.50. Looking for a break above/below those levels. LT: The first […]

The minor control migrated to 4526.5, during Tuesday’s RTH. This is now First Resistance. ES is currently printing below that level in a weaker ST position. The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. Sentiment: my version of the Rydex Assets Ratio reached […]

ST: Last six Value Areas have been generated entirely above 4483, the minor control, which is a positive in the ST. This is First Level Support. LT: The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. Sentiment: On Thursday my version of the Rydex […]

ST: Last five Value Areas have been generated entirely above 4483, the minor control, which is a positive in the ST. This is First Level Support. LT: The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. Sentiment: my version of the Rydex Assets Ratio […]

ST: Last four Value Areas have been generated entirely above 4483, the minor control, which is a positive in the ST. This is First Level Support. LT: The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. Sentiment: my version of the Rydex Assets Ratio […]

ST: Friday’s Value Area was generated entirely above 4483, the minor control, that was a positive in the ST. That level is now First Level Support. LT: The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. Sentiment: my version of the Rydex Assets Ratio […]

ST: Friday’s Value Area was generated entirely above 4483, the minor (15day) control, that was a positive in the ST. That level is now First Level Support. LT: The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. Sentiment: my version of the Rydex Assets […]

ChartProfit Chart Book – week ending 27th August 2021

ST: in yesterday’s RTH ES opened above 4483, the minor control, but very quickly broke that level, finding Resistance there later in the session, see yesterday’s comments and chart. Price holding above 4483 would be the positive in the ST. LT: The first sign of weakness in the LT would be a Value Area printed […]

ST: Last week there was a rejected test of the 2month control at 4391.50 and ES has rallied strongly from there. There is a minor (10day) control at 4483, useful to monitor price relative to that level for ST positional strength/weakness. LT: The first sign of weakness in the LT would be a Value Area […]