08/04 RTH found Support at 4391.50 (the 2mn controlling price). Value Areas since then have been generated above that level – I’ve been writing that that’s an indication of strength. First sign of weakness in the LT would be a Value Area printed entirely below 4391.50. Significant Sellers (red) have not been marked for 38 […]

08/04 RTH found Support at 4391.50 (the 2mn controlling price). Value Areas since then have been generated above that level – an indication of strength. First sign of weakness in the LT would be a Value Area printed entirely below 4391.50. Significant Sellers (red) have not been marked for 37 days. Sentiment: On Friday 30th […]

Last Wednesday’s RTH found Support at 4391.50 (the 2mn controlling price). Value Areas since then have been generated above that level which is an indication of strength. First sign of weakness would be a Value Area printed entirely below 4391.50. Significant Sellers (red) have not been marked for 36 days. Sentiment: On Friday 30th July, […]

Last Wednesday’s RTH found Support at 4391.50 (the 2mn controlling price). Value Areas since then have been generated above that level which is an indication of strength. First sign of weakness would be a Value Area printed entirely below 4391.50. Significant Sellers (red) have not been marked for 35 days. Sentiment: On Friday 30th July, […]

Wednesday’s RTH found Support at 4391.50 (the 2mn controlling price). Value Areas from there have been higher. First sign of weakness would be a Value Area printed entirely below 4391.50. Significant Sellers (red) have not been marked for 34 days. Sentiment: On Friday 30th July, my version of the Rydex Assets Ratio reached 38.57, the […]

ChartProfit Chart Book – week ending 6th August 2021

Wednesday’s RTH found Support at 4391.50 (the 2mn controlling price). Thursday’s Value Area was higher and Aggressive Buying (green) was marked. First sign of weakness would be a Value Area printed entirely below 4391.50. Significant Sellers (red) have not been marked for 33 days. Sentiment: On Friday, my version of the Rydex Assets Ratio reached […]

Wednesday’s RTH found Support at 4391.50 (the 2mn controlling price). First sign of weakness would be a Value Area printed entirely below that level. Significant Sellers (red) have not been marked for 32 days. Sentiment: On Friday, my version of the Rydex Assets Ratio reached 38.57, the highest ratio recorded, indicating extremely hot sentiment. Wednesday’s […]

First sign of weakness would be a Value Area printed entirely below 4391.50 (the 2mn controlling price). Significant Sellers (red) have not been marked for 31 days. Sentiment: On Friday, my version of the Rydex Assets Ratio reached 38.57, the highest ratio recorded, indicating extremely hot sentiment. Tuesday’s ratio was close at 38.13. Stocks>50dymaNyse 43% […]

The 2mn has migrated higher again – up to 4391.50. First sign of weakness now would be a Value Area below that level. Significant Sellers (red) have not been marked for 30 days. Sentiment: On Friday, my version of the Rydex Assets Ratio reached 38.57, the highest ratio recorded, indicating extremely hot sentiment. Lower on […]