emini 3rd October 2019 – pre-open from ChartProfit Tuesday’s Value Area was generated below 2976, the minor (6week) poc and we noted that was “weak ST price action”. Wednesday’s VA was generated below 2927, the more important (15mn) poc. That is further weak price action. ES is not in a strong position if it is […]

Short Term: the minor (6week) poc has migrated to 2976. In the short-term price relative to this level is important to monitor at the start of this week. Pre-open today ES prints below that level. Longer Term: Since 4th September Value Areas have been generated above 2927, the 15mn poc, an indication of LT strength. […]

ChartProfit Chart Book – week ending 27th September 2019

Friday 27th September Short Term: Thursday’s session generated an overlapping Value Area but not a significant rally after Wednesday’s decline. The short term Resistance is at 3000.50, (1 month poc) and until ES prints time above this level it is wise to assume the bias is lower, respecting the Aggressive Selling day last week. Longer […]

Thursday 26th September Short Term: Early in Wednesday’s session Tuesday’s session low was tested and ES rallied. The short term Resistance is at 3000.50, (1 month poc) and until ES prints time above this level it is wise to assume the bias is lower, respecting the Aggressive Selling day last week. Longer Term: Since 4th […]

emini SP500 – Tuesday 24th September – after close Short Term: In today’s session ES opened above 3000.50, the 1 month poc and then immediately sold off breaking below Friday’s red-at-bottom low and below the low of the most recent Aggressive Buying day on 09/11. A weak day. Longer Term: Since 4th September Value Areas […]

emini 24th September 2019 – pre-open from ChartProfit The 1month poc moved higher at the end of last week to 3000.50. That level was probed late in Monday’s session, see chart, following an early rejected test of Monday’s red-at-bottom low. Pre-open today ES is printing time above that Resistance in a ST strong position. Price […]

emini 23rd September 2019 – pre-open from ChartProfit The 1month poc moved higher at the end of last week 3000.50. Aggressive Selling (red-at-bottom) was marked on Friday and ES finished the week below that level in a ST weak position. Since 4th September Value Areas have been generated entirely above 2927, an indication of LT […]

emini Futures 20th September 2019 – pre-open from ChartProfit The 1month poc moved higher again to 3000.50. This is now minor Support. Since 4th September Value Areas have been generated entirely above 2927, an indication of strength. As long as ES holds above that level it is in a strong position.  Aggressive Buying (green) was […]