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 […]

emini 19th August 2019 – pre-open from ChartProfit ES recovered on Friday and most time in the session was spent at 2887, the 15mn poc. Over the last ten days Significant Buyers have been marked once and Sellers three times. Sellers have been more active but the market hasn’t broken lower, rather it’s been ranging […]

Friday 16th August 2019 ES sold off overnight on Wednesday and early in Wednesday’s session there was a rejected probe of 2887, the 15mn poc. Value Areas on both Wed and Thu were generated below that poc, which is a weak position. I’m not considering longs until Significant Buying is marked above 2887. Stocks>50dyma numbers: […]

emini 15th August 2019 – pre-open from ChartProfit Read yesterday’s comments first. ES sold off overnight on Wednesday and the session opened with a rejected probe of 2887, the 15mn poc. ES sold off quickly and the entire Value Area was generated below that level, leaving ES in a weak position. Aggressive Selling (red-at-bottom) was […]

Wednesday 14th August 2019 Both Aggressive Buying (green) and Selling (red) have failed to extend over the last few days. This is rare (see Pulse Chart) and most likely represents a heightened polarity of opinion. Daily technicals look weak but sentiment is overly bearish (i.e. contrarian bullish) – not an ideal environment to make directional […]

emini 13th August 2019 – pre-open from ChartProfit Thursday’s Buying day low was broken on Monday negating any ST bullish implications of that Buying imbalance. The 15mn Support at 2887 was also broken (see yesterday’s comments) and pre-open today ES prints below that level in a weak position. Aggressive Selling (red-at-bottom) was marked and daily […]

emini 12th August 2019 from ChartProfit The high of an Aggressive Buying day is usually re-tested (80%) within two sessions. That didn’t happen in Friday’s session and pre-open today ES is printing close to Thursday’s Buying day low (2892.50). If ES prints below that low it negates any ST bullish implications of that Buying day. […]