The 2month Support at 3217.50 was tested on Friday, and ES rallied strongly from there, see Thursday’s pre-open comments, highlighted. Price printing time below that level would be first sign of weakness. In the dayframe, a v minor (7day) poc has emerged at 3289.50. This may be a useful level to monitor in the ST. […]

The 2month Support at 3217.50 was tested on Friday, and ES rallied strongly from there, see Thursday’s pre-open comments, highlighted. Price printing time below that level would be first sign of weakness. Monday’s Value Area was higher. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This indicated […]

The 2month Support at 3217.50 was tested on Friday, and ES rallied strongly from there, see Thursday’s pre-open comments, highlighted. Price printing time below that level would be first sign of weakness. Aggressive Buying was marked. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This indicated weakness […]

ChartProfit Chart Book – week ending 31st July 2020

Last week (Friday) ES tested 3202.50, First Level Support. Value Areas this week have been generated above that level. Price printing time below 3202.50 would be a first sign of weakness. Wednesday’s Value Area was higher and wider but pre-open today ES is sharply lower. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 […]

On Friday ES tested 3202.50, First Level Support, but the Value Area was generated entirely above that level, as was Monday’s and Tuesday’s. Price printing time below 3202.50 would be a first sign of weakness. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This indicated weakness and […]

Early in last Thursday’s session there was a rejected probe of the v minor (4day) poc at 3264.50, see previous highlighted comments. On Friday ES tested 3202.50, First Level Support, but the Value Area was generated entirely above that level, as was Monday’s. Price printing time below 3264.50 would be a first sign of weakness. […]

Early in Thursday’s session there was a rejected probe of the v minor (4day) poc at 3264.50, see previous highlighted comments. On Friday ES tested 3202.50, First Level Support, but the Value Area was generated entirely above that level. As I wrote Thursday, price printing time below 3264.50 would be a first sign of weakness. […]

ChartProfit Chart Book – week ending 24th July 2020

Early in Thursday’s session there was a rejected probe of the v minor (4day) poc at 3264.50, see yesterday’s highlighted comments. Pre-open today ES has briefly tested 3202.50, First Level Support. Price printing time below that level would be a first sign of weakness. Key chartsFTSE 100: recent multiple rejections at 6312 (1/2R Resistance off […]