The 1 month S/R is at 3670. Price relative to that level at the start of this week would be worth monitoring. Pre-open ES is printing above that level in a strong position. There was a rejection of 3700 last Wednesday – I eliminated new longs until Significant Buying (green) is marked again, see highlighted […]

On 11/18, I wrote >>from the distribution analysis there may be a fast rejection if price prints above 3700. That’s an “if” for the moment.<< see highlighted comments on chart. We saw a swift rejection of that level on Wednesday with ES reversing and closing the session below the lows of two Buying days (12/04 […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes above 3700 this month we should be […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes above 3700 this month we should be […]

ChartProfit Chart Book – week ending 4th December 2020

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes above 3700 this month we should be […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes above 3700 this month we should be […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes above 3700 this month we should be […]

ChartProfit Chart Book – week ending 27th November 2020

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. In Monday’s session there was a rejected test of 3551, the minor Support. Subsequently the controlling price migrated slightly higher to 3557. There was a rally on Tuesday with Wednesday’s session consolidating the gains. As long […]