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emini 13th April 2021

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Significant Buying (green) was marked on Friday. The low of that Buying day is 4086.75. A RTH close below that level would be first sign of weakness in this trend. A move above 4150 is likely, see previous, highlighted comments on chart. Stocks>50dymaNyse 76% (from 78%), Nasdaq 63% (from 64%), R2000 68% (from 70%). Numbers […]

e-mini 12th April 2021

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Significant Buyers (green) have been marked three times in last six days. A move above 4150 is likely, see previous, highlighted comments on chart. The low of Friday’s Buying day is 4086.75. A RTH close below that level would be first sign of weakness in this trend. Stocks>50dymaNyse 78%, Nasdaq 64%, R2000 70%. Numbers >50 […]

ES_F 9th April 2021

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The distribution patterns suggest a move above 4150 but rejection above that level would be likely. Price back below 3897, the 7-month Support, would indicate a change in trend in the longer time-frame. Stocks>50dymaNyse 79% (unch), Nasdaq 65% (from 61%), R2000 71% (from 68%). Numbers >50 are supportive. Sentiment: My version of the Rydex Assets […]

e-mini 8th April 2021

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On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but rejection above that level would be likely. Note also Sentiment, below. Stocks>50dymaNyse […]

e-mini 7th April 2021

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On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but rejection above that level would be likely. Stocks>50dymaNyse 82% (from 80%), Nasdaq […]

e-mini 6th April 2021

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On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but rejection above that level would be likely. Stocks>50dymaNyse 80% (from 71%), Nasdaq […]

e-mini SP500 5th April 2021

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On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern, see previous, highlighted comment on chart. Price back below 3897 from here would be a significant negative indication. Stocks>50dymaNyse 71%, Nasdaq 63%, R2000 71%. Numbers >50 […]

e-mini 1st April 2021

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Last four Value Areas generated back above 3897, the 7 month controlling price, which is First Level Support. Strong position if that level holds. Stocks>50dymaNyse 74% (from 75%), Nasdaq 56% (from 54%), R2000 65% (from 64%). Numbers >50 are supportive. Sentiment: My version of the Rydex Assets Ratio reached 24.43 on Wednesday, the highest since […]

e-mini 31st March 2021

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Last three Value Areas generated back above 3897, the 7 month controlling price, which is now First Level Support. Strong position if that level holds. Stocks>50dymaNyse 75% (from 73%), Nasdaq 54% (from 52%), R2000 64% (from 61%). Numbers >50 are supportive. Sentiment: My version of the Rydex Assets Ratio reached 24.43 on Monday, the highest […]