emini 2nd September 2019 – pre-open from ChartProfit See Friday’s highlighted comments. Last week the 15mn poc migrated to 2927. Price relative to that level is important to monitor. Pre-open today the high has been 2926.50. Significant Buying (green) marked above the poc would be a positive as would an improvement in Breadth, see numbers […]

Stock market Sentiment – Charts through 30th August 2019 PDF Consensus Polls: 08/30: AAII: Bulls% at 26.1%. Bears% at 42.2%. The net (Bulls minus Bears) at -16.1, is up from -26.5 three weeks ago, the most negative since middle of December last year. As I wrote then “an extreme like this doesn’t always mark the […]

emini 30th August 2019 – from ChartProfit See Thursday’s highlighted comments. Enough time was spent at 2927 on Thursday to lift the 15mn poc to that level. As we know, a migration of a controlling price will often preceed a directional move. If ES remains above 2927 (now Support) odds favour that move being up. […]

emini 29th August 2019 Since the start of the month ES has been in a range centred around 2887, the 15mn poc. Significant Sellers has been marked four times in that period but have not effectively auctioned price lower – this price action usually indicates Buyers Resting. Bulls would want to see Significant Buying marked […]

emini SP500 28th August 2019 – pre-open from ChartProfit Value Areas this week have been printed below 2887, the 15mn poc which is a weak position. Recent Significant Selling (red) has not seen continuation, see comment 19th August, and Sentiment is overly Bearish (i.e. contrarian Bullish), see comment 14th August. ES is currently in a […]

emini 27th August 2019 – pre-open from ChartProfit During Thursday’s session there was an early probe of 2927, the 4mn poc, and ES immediately sold off generating a Value Area entirely below 2887, the 15mn poc which is a weak position (Friday’s VA was also generated below that level). Aggressive Selling was marked on Thursday […]

emini 23rd August 2019 – pre-open All four Value Areas this week have been generated above the 2903 Support (1/2R off this year’s high) and more importantly above 2887, the 15mn poc. That’s a strong position but ES hasn’t strayed far from the current controlling price at 2927 all week, normal behaviour prior to a […]

emini 22nd August 2019 – pre-open from ChartProfit All three Value Areas this week have been generated above the 2903 Support (1/2R off this year’s high) and more importantly above 2887, the 15mn poc. Currently ES “likes” 2927, the 4mn poc, more time was printed there on Wednesday. As I wrote on Tuesday “Price relative […]

emini Wednesday 21st August 2019 Late in Tuesday’s session the Support at 2903 (1/2R off this year’s high) was briefly tested. The Value Area was generated entirely above that level and pre-open today ES has printed back up to probe 2927, the 4mn poc. As I wrote yesterday “Price relative to this level is important […]

emini Tuesday 20th August 2019 ES has rallied back to print more time at 2927, the 4mn poc, both during Monday’s session and overnight. Price relative to this level is important to monitor. Significant Buying (green) marked above the poc would be a positive sign and indicate a breakout of the recent range. The nearest […]