emini 30th March 2020 from ChartProfit During Friday’s session the 3mn poc migrated to 2555.0. This is a good reference point at the start of this week. Price above that level is a strong  location in the ST. But…we’ve now had twelve Value Areas generated below 2719, the major poc, which remains a sign of […]

ChartProfit Chart Book – week ending 27th March 2020

emini ES 27th March 2020 – pre-open from ChartProfit Thursday’s session generated a higher Value Area, the third since Monday’s low, but it was another (11th) below 2719, the major poc. Consolidation below a major poc is a weak sign. The first longer-term positive would be ES printing time back above that level. Aggressive Buying […]

Resistance ahead. Red resistance line = time/price or poc.

emini ES 26th March 2020 from ChartProfit Wednesday’s session generated a second higher Value Area (not overlapping previous), these are the first since 2nd March. It was the tenth consecutive VA below 2719, the major poc. Consolidating below a major poc is a weak sign. The first longer-term positive would be ES printing time back […]

Tuesday’s session generated the first higher Value Area (not overlapping previous) since 2nd March. It was the ninth consecutive VA below 2719, the major poc. Consolidating below a major poc is a weak sign. The first longer-term positive would be ES printing time back above that level. Sentiment: My version of the Rydex Assets Ratio […]

emini ES 24th March 2020 from ChartProfit Monday’s session set a new low for this sell-off and generated the eighth consecutive Value Area below 2719, the major poc. Consolidating below a major poc is a weak sign. The first longer-term positive would be ES printing time back above that level. Overnight there has been a […]

emini ES 23rd March 2020 pre-open from ChartProfit Friday’s session generated the seventh consecutive Value Area below 2719, the major poc. Consolidating below a major poc is a weak sign. The first longer-term positive would be ES printing time back above that level. Overnight ES printed a new low for the sell-off but pre-open has […]

19th March 2020 Wednesday’s session printed a fifth Value Area below 2719, the major poc. This remains weak price location. The first positive would be ES printing time back above that level. Sentiment: My version of the Rydex Assets Ratio was slightly higher at 4.82. Tuesday’s ratio at 3.35 was the lowest since early 2016. […]

Tuesday’s session printed a fourth Value Area below 2719, the major poc. That’s not what Bulls want to see. Price above that level would be a big positive. Sentiment: My version of the Rydex Assets Ratio was lower at 3.35, the lowest since early 2016. The index reached 28.62 on 12/27, the highest reading in […]