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 […]

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

ChartProfit Chart Book – week ending 19th June 2020

I wrote that “my hunch is that a controlling price will emerge between the high on 06/08 and the low on 06/15.” That has now happened with the 8month migrating to 3106.5, see chart. Today ES is printing above that level in a strong position. This is now First Level Support. Holding that level (now […]

Overnight on Monday our First Level Support at 2926 was tested and immediately rejected. Support levels are proving themselves in this uptrend which is an encouraging sign. On Tuesday, the previous Thursday’s Selling Day high was exceeded and that negated any short-term negative implications of that red-at-bottom low – my hunch is that a controlling […]