ChartProfit Chart Book – week ending 6th September 2019  

emini 6th September 2019 – pre-open from ChartProfit See last Friday’s highlighted comments, above. Last week the 15mn poc migrated to 2927. Price relative to that level is important to monitor. Value Areas on Wednesday and Thursday were printed entirely above 2927, an indication of strength. As long as ES holds above that level it […]

Thursday 5th September See Friday’s highlighted comments. Last week the 15mn poc migrated to 2927. Price relative to that level is important to monitor. Wednesday’s Value Area was printed entirely above 2927 and Aggressive Buying (green) was marked. These are indications of strength. as long as ES holds above that level it is in a […]

SP500 emini future 4th September 2019 – 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 ES is printing above 2927 in a strong position. Significant Buying (green) marked above the poc would be a positive as would an […]

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 […]