Early last week there was a rejected probe of the 1mn Resistance at 3907. This is still valid Resistance and was probed again on Wednesday. 2month Support is at 3831. ES needs to hold that price to maintain a strong position. Stocks>50dyma Nyse 80% (from 76%), Nasdaq 68% (from 65%), R2000 80% (from 77%). Numbers […]
e-mini 10th March 2021
Early last week there was a rejected probe of the 1mn Resistance at 3907. This is still valid Resistance. 2month Support is at 3831. ES needs to hold that price to maintain a strong position. Stocks>50dyma Nyse 76% (from 73%), Nasdaq 65% (from 60%), R2000 77% (from 74%). Numbers >50 are supportive. Sentiment: My version […]
e-mini 9th March 2021
Early last week there was a rejected probe of the 1mn Resistance at 3907. This is still valid Resistance. Important to note that the 2mn has migrated higher to 3831. This is the level to focus on now and is First Support. ES needs to hold that price to maintain a strong position. Stocks>50dyma Nyse […]
e-mini 8th March 2021
Early last week there was a rejected probe of the 1mn Resistance at 3907, see arrow on chart. ES declined from there and on Thursday broke the Support at 3797. However, on Friday ES recovered that Support which needs to hold if ES is to maintain a strong location. If the decline continues there is […]
ChartProfit Chart Book week ending 5th March 2021
ChartProfit Chart Book – week ending 5th March 2021
e-mini 5th March 2021
On Monday there was a rejected probe of the 1mn Resistance at 3907, and ES has declined from there. On Thursday the Support at 3797 was broken. ES has today rallied back above that level and needs to hold it to maintain a strong location. If the decline continues there is previous poc Support at […]
e-mini 4th March 2021
Overnight the Support at 3797 has been tested. Currently printing back above 3800, pre-open. Price printing time below that level would indicate further weakness. Aggressive Selling was marked on Wednesday. On Monday the 1mn Resistance at 3907, was probed. Time above that level would suggest higher. Stocks>50dyma Nyse 69% (from 72%), Nasdaq 65% (from 71%), […]
e-mini 3rd March 2021
On Friday ES briefly tested the First Level Support at 3797, and has rallied from there. Price printing time below that level would indicate further weakness. On Monday the 1mn Resistance at 3907, was probed. Time above that level would suggest higher. Stocks>50dyma Nyse 72% (from 73%), Nasdaq 71% (from 76%), R2000 76% (from 82%). […]
e-mini 2nd March 2021
On Friday ES briefly tested the First Level Support at 3797, and has rallied from there. Price printing time below that level would indicate further weakness. On Monday the 1mn Resistance at 3907, was probed. Time above that level would suggest higher. Stocks>50dyma Nyse 73% (from 64%), Nasdaq 76% (from 68%), R2000 82 % (from […]
e-mini 1st March 2021
On Friday ES briefly tested the First Level Support at 3797, and has rallied from there, see previous comments. Price printing time below that level would indicate further weakness. There is 1mn Resistance at 3907. Stocks>50dyma Nyse 64%, Nasdaq 68%, R2000 73%. Numbers >50 are supportive. Sentiment: My version of the Rydex Assets Ratio was […]
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