ChartProfit Chart Book – week ending 3rd April 2020

emini 3rd April 2020 – pre-open from ChartProfit The minor (3mn) poc has migrated to 2486.0. Good reference for today, and how we finish the week. Minor (dayframe) strength implied by being above it. Significant Sellers were active on Wednesday but Thursday printed above the Wed high and therefore negated any ST negative implications of […]

emini SP500 2nd April 2020 – pre-open from ChartProfit Wednesday’s Value Area was generated below 2556.50, the 3mn poc. This is a weaker position in the ST. Aggressive Selling (red-at-bottom) was marked. Price printing above 2509.75, yesterday’s session high, would negate any ST negative implications of that Selling Day. In the longer-term price has been […]

emini 1st April 2020 – pre-open from ChartProfit Like Monday, Tuesday generated a Value Area above the 3mn poc, see Monday’s highlighted comments. Overnight ES has printed lower, below that poc (which has migrated slightly to 2556.50) and is in a weaker position in the ST. In the longer-term price has been consolidating below 2719, […]

SP500 emini 31st March 2020 – from ChartProfit Monday’s session generated a Value Area above 2555, the 3mn poc, see yesterday’s comments. Price above that level is a strong  location in the ST. In the longer-term price has been consolidating below 2719, the major poc, which remains an indication of weakness on that timeframe. The […]

emini 30th March 2020 from ChartProfit During Friday’s session the 3mn poc migrated to 2555.0. This is a good reference point at the start of this week. Price above that level is a strong  location in the ST. But…we’ve now had twelve Value Areas generated below 2719, the major poc, which remains a sign of […]

ChartProfit Chart Book – week ending 27th March 2020

emini ES 27th March 2020 – pre-open from ChartProfit Thursday’s session generated a higher Value Area, the third since Monday’s low, but it was another (11th) below 2719, the major poc. Consolidation below a major poc is a weak sign. The first longer-term positive would be ES printing time back above that level. Aggressive Buying […]

Resistance ahead. Red resistance line = time/price or poc.

emini ES 26th March 2020 from ChartProfit Wednesday’s session generated a second higher Value Area (not overlapping previous), these are the first since 2nd March. It was the tenth consecutive VA below 2719, the major poc. Consolidating below a major poc is a weak sign. The first longer-term positive would be ES printing time back […]