Back at the start of April I wrote that “the important Resistance on the FTSE chart is at 5870. Price above that level would be a stronger position.” FTSE is currently printing above that level in a stronger position.

SPY found Support twice at 272.72 (major) and Resistance twice at 292.76, (18mn). That Resistance has now been exceeded and becomes Support.

at a second attempt, IWM has moved to a stronger position above 134.60, the 1/2R Resistance which is now Support.

First Level emini support is at 2926.0, the 2 year point of control. On 05/14, There was a brief, rejected test of First Level Support at 2786, the 1/2R off this year’s high (dashed line on chart). ES spiked higher early last week and price held the higher level through the rest of the week. […]

On 05/14, There was a brief, rejected test of First Level Support at 2786, the 1/2R off this year’s high (dashed line on chart). ES spiked higher early last week and price held the higher level through the rest of the week. This week ES is sharply higher. First Level Support is now at 2926.0, […]

emini 27th May 2020 – pre-open from ChartProfit On 05/14, There was a brief, rejected test of First Level Support at 2786, the 1/2R off this year’s high (dashed line on chart). ES spiked higher early last week and price held the higher level through the rest of the week. This week ES is sharply […]

emini 26th May 2020 – pre-open from ChartProfit On 05/14, There was a brief, rejected test of First Level Support at 2786, the 1/2R off this year’s high (dashed line on chart). ES spiked higher early last week and price held the higher level through the rest of the week. Today ES will open sharply […]

ChartProfit Chart Book – week ending 22nd May 2020

emini 22nd May 2020 – pre-open from ChartProfit Last week there was a brief, rejected test of First Level Support at 2786, the 1/2R off this year’s high (dashed line on chart). Monday spiked higher and price has so far held the higher level. Most important Support is at 2719, the maj poc. ES needs […]

emini 21st May 2020 – pre-open Early in Thursday’s session there was a brief, rejected test of First Level Support at 2786, the 1/2R off this year’s high (dashed line on chart). Monday spiked higher and price has so far held the higher level. Most important Support is at 2719, the maj poc. ES needs […]