ChartProfit Chart Book – week ending 15th May 2020

emini 15th May 2020 – pre-open from ChartProfit Early in Thursday’s session there was a brief, rejected test of First Level Support at 2786, the 1/2R off this year’s high. More important Support is at 2719, the maj poc. Price printing time below that level would be a negative on the longer timeframe. FTSE: the […]

emini 14th May 2020 First Level Support is the major 1/2R at 2786 (dashed line). That Support was tested on Wednesday and again pre-open today. More important Support is at 2719, the maj poc. Price printing time below that level would be a negative on the longer timeframe. Note the key charts comments below and […]

emini 13th May 2020 – pre-open from ChartProfit Monday’s session high was briefly tested early on Tuesday. Another overlapping Value Area was generated with a sell-off late in the session. First Level Support is the major 1/2R at 2786 (dashed line). FTSE: the major is at 5870 – last week FTSE broke back above the […]

emini 12th May 2020 – pre-open from ChartProfit Monday generated an overlapping/higher VA and I would say held Friday’s Buying Day low, see highlighted comments on chart. Longframe: see comments 5th May on chart. FTSE: the major is at 5870 – last week FTSE broke back above the poc to a stronger position which it […]

emini 11th May 2020 from ChartProfit Dayframe: Aggressive Buying (green-at-top) was marked on Friday. Any ST positive implications of that Buying Day would be negated if ES prints below Friday’s day-session low (2895.75) during today’s session. Pre-open today that has already happened. Note that the previous time Aggressive Buying was marked (04/29) it failed to […]

ChartProfit Chart Book – week ending 8th May 2020

emini 8th May 2020 ES tested the major Support at 2719 on 04/21 and rallied from there = a higher low. On Monday the major 1/2R at 2786 was tested and there is a possible higher low currently forming here as well. Higher lows at obvious Support levels is a bullish pattern, see chart. Clearly […]

emini 7th May 2020 from Chartprofit ES tested the major Support at 2719 on 04/21 and rallied from there = a higher low. On Monday the major 1/2R at 2786 was tested and there is a possible higher low currently forming here as well. Higher lows at obvious Support levels is a bullish pattern, see […]