emini 16th April 2020 – pre-open from ChartProfit Wednesday’s session generated a fourth Value Area above 2719, the major poc, but disappointingly this one was back below 2786 (dashed line) which is the 1/2R off this year’s high. We have two clearly defined levels here and easy to see where ES moves into a strong […]

emini 15th April 2020 – pre-open Tuesday’s session generated a third Value Area above 2719,  the major poc, and a first for this rally above 2786 (dashed line) which is the 1/2R off this year’s high. However, there has been a decline overnight below yesterday’s session low and pre-open ES has printed below 2760. Bulls […]

emini 14th April 2020 – pre-open from ChartProfit Monday’s session generated a second Value Area above 2719,  the major poc, and briefly tested that Support. The Resistance at 2786 (dashed line) which is the 1/2R off this year’s high, has been probed overnight and pre-open ES prints above that level in a strong position. Price […]

emini 13th April 2020 ES ended the shortened week above 2719, the major poc, and probed the Resistance at 2786, dashed line, which is the 1/2R off this year’s high. Pre-open today ES is printing between these two levels. Price printing time above 2786 would be the next positive. Bulls would not want to see […]

emini 8th April 2020 The major level at 2719 was tested yesterday. So far rejected. Price relative to the poc is very important to monitor and if time is printed above this level it would be the first LT positive, see highlighted comments from 19th March but note also the Resistance at 2786, dashed line, […]

emini 6th April 2020 -pre-open from ChartProfit w/e 03/27 the market bounced back strongly from the low day on Monday. Last week was a consolidation week that held above the 1/2R retracement off the low. The minor (3mn) poc migrated to 2486.0 and at the start of this week ES is up strongly from that […]

ChartProfit Chart Book – week ending 3rd April 2020

emini 3rd April 2020 – pre-open from ChartProfit The minor (3mn) poc has migrated to 2486.0. Good reference for today, and how we finish the week. Minor (dayframe) strength implied by being above it. Significant Sellers were active on Wednesday but Thursday printed above the Wed high and therefore negated any ST negative implications of […]

emini SP500 2nd April 2020 – pre-open from ChartProfit Wednesday’s Value Area was generated below 2556.50, the 3mn poc. This is a weaker position in the ST. Aggressive Selling (red-at-bottom) was marked. Price printing above 2509.75, yesterday’s session high, would negate any ST negative implications of that Selling Day. In the longer-term price has been […]

emini 1st April 2020 – pre-open from ChartProfit Like Monday, Tuesday generated a Value Area above the 3mn poc, see Monday’s highlighted comments. Overnight ES has printed lower, below that poc (which has migrated slightly to 2556.50) and is in a weaker position in the ST. In the longer-term price has been consolidating below 2719, […]