emini 27th December 2019 – pre-open from ChartProfit Aggressive Buying (green-at-top) was marked on Thursday. First sign of weakness now would be a day session close that Buying Day low, 3229, dotted line on chart. Stocks>50dyma numbers: Nyse 74% (from 73%), Nasdaq 71% (from 72%), R2000 69% (from 71%). Numbers >50 are supportive. Sentiment: My […]

emini ES 24th December 2019 – pre-open from ChartProfit See last Friday’s highlighted comments. First sign of weakness now would be a day session close below yesterday’s Buying Day low, dotted line on chart. Also, see Sentiment, below. Stocks>50dyma numbers: Nyse 73% (from 75%), Nasdaq 72% (from 73%), R2000 71% (from 72%). Numbers >50 are […]

emini ES – 23rd December 2019 See Friday’s highlighted comments. First sign of weakness now would be a day session close below yesterday’s Buying Day low. Stocks>50dyma numbers: Nyse 75%, Nasdaq 73%, R2000 72%. Numbers >50 are supportive. Sentiment: My version of the Rydex Assets Ratio ended the week at 25.46, having reached 26.06 on […]

emini 20th December 2019 – pre-open from ChartProfit I wrote yesterday that price action over the last few “Looks like Buyers Resting”, see highlighted comments. When Effective Buying action pauses (Buyers Resting), Sellers are offered opportunity. In this case they didn’t take it. Buyers took confidence from that and stepped back in yesterday (green on […]

emini ES 19th December 2019 – pre-open from ChartProfit This week has printed a tight range above last week’s range. Most recent imbalance was Aggressive Selling on 9th Dec which proved ineffective and Sellers have not been marked to this week’s higher prices. Looks like Buyers Resting so far. In any event, there is poc […]

emini 18th December 2019 – pre-open from ChartProfit Note: we are now following the March contract. There is poc Support at 3148.50. As long as ES holds that level it is in a strong position. Stocks>50dyma numbers: Nyse 72% (from 71%), Nasdaq 71% (from 68%), R2000 71% (from 69%). Numbers >50 are supportive. Sentiment: My […]

ES emini 17th December 2019 – pre-open from ChartProfit Note: we are now following the March contract. ST: The March contract in isolation shows poc Support at 3148.50. As long as ES holds that level it is in a strong position. LT: Following Aggressive Selling on 9th December I wrote that a “session close above […]

emini ES 16th December 2019 – pre-open from ChartProfit Note: from today we will be following the March contract. Following Aggressive Selling on 9th December I wrote that a “session close above Monday’s high, 3149.50, would negate any ST negative implications of that red-at-bottom low”, see highlighted comments. On Thursday we saw a session close […]

ChartProfit Chart Book – week ending 13th December 2019

emini ES 13th December 2019 – pre-open from ChartProfit ST: Following Monday’s Aggressive Selling I wrote that a “session close above Monday’s high, 3149.50, would negate any ST negative implications of that red-at-bottom low”, see Tuesday’s highlighted comments. On Thursday we saw a session close above that high. I also wrote that “as long as […]