ChartProfit Chart Book – week ending 6th November 2020

Two Value Areas generated entirely above the 3366.50 controlling price. Bulls need to see this Support hold now. Strong position. Sentiment: My version of the Rydex Assets Ratio was lower at 13.61. This week the market has rallied strongly and the ratgio has fallen. This is usually bullish in the ST. The ratio reached 17.14 […]

Wednesday’s Value Area was generated entirely above the 3366.50 controlling price, see yesterday’s comments. Bulls would want to see this level (now Support) hold. Sentiment: My version of the Rydex Assets Ratio was slightly higher at 14.36 and has hardly moved in five days.The ratio reached 17.14 on 10/14, a 7month high. The ratio fell […]

For what it’s worth on this potentially highly volatile day, price relative to the 3366.50 controlling price (Support as I write) is worth monitoring.is worth monitoring. Sentiment: My version of the Rydex Assets Ratio was lower at 13.97. The ratio reached 17.14 on 10/14, a 7month high. The ratio fell to 3.35 on 03/17, the […]

Last week ES broke below the 3366.50 controlling price and four Value Areas have now been generated below that level. Weak position but some minor Support has emerged; at 3271 (10day). ES found Support there at the day-session low on Monday. Useful reference in the ST. Sentiment: My version of the Rydex Assets Ratio was […]

See previous highlighted comments on chart. Last week ES broke below the 3366.50 controlling price with Value Areas being generated below that level on Wed-Fri. Weak position. No clear local Support. Bulls would want to see that poc (now Resistance) recovered quickly. Sentiment: My version of the Rydex Assets Ratio ended the week at 14.12. […]

ChartProfit Chart Book – week ending 30th October 2020

See previous highlighted comments. This week ES has broken below the 3366.50 controlling price with Value Areas being generated below that level on Wed and Thu. Weak position. No clear local Support. Bulls would want to see that poc recovered quickly. Sentiment: My version of the Rydex Assets Ratio was almost unchanged at 14.83. The […]

See previous highlighted comments on chart. ES broke below the 3366.50 controlling price and declined sharply with Wednesday’s Value Area being generated entirely below that level. Weak position. No clear local Support. Sentiment: My version of the Rydex Assets Ratio was lower at 14.87. The ratio reached 17.14 on 10/14, a 7month high. The ratio […]

See previous highlighted comments on chart. Overnight ES has broken below the 3366.50 controlling price and declined sharply, below 3320. Sentiment: My version of the Rydex Assets Ratio was slightly lower at 15.83. The ratio reached 17.14 on 10/14, a 7month high. The ratio fell to 3.35 on 03/17, the lowest since early 2016. The […]