S&P 500 emini 7th February 2020 Last week, Support was tested and held. Since then Value Areas have been printed successively higher with ES reaching a new high yesterday. First sign of LT weakness would now be Effective Selling marked below 3249.0, the 4mn poc. Stocks>50dyma numbers: Nyse 52% (from 55%), Nasdaq 53% (from 55%), […]

S&P 500 emini 6th February 2020 – pre-open from ChartProfit recap: On Friday the 4mn Support at 3228 was tested and held. On Monday the poc migrated higher to 3249.0. Value Areas on Tue and Wed were higher and Aggressive Buying (green-at-top) was marked yesterday. Significant Buyers were inactive (resting) for twelve days and the […]

S&P 500 emini 5th February 2020 Price relative to 3249.0, the 4mn poc, is important to monitor (>strong <weak).  I would want to see Significant Buying (green) being marked above that level before looking at new longs. Tuesday’s Value Area was printed above Friday’s Selling day high which negates any ST negative implications of that […]

S&P 500 emini 4th February 2020 The 4month poc has migrated higher to 3249.0. Price relative to this level is important to monitor (>strong <weak).  I would want to see Significant Buying (green) being marked above 3249 before looking at new longs.  Price printing time below that level would be a negative now. Aggressive Selling […]

S&P 500 emini 3rd February 2020 S&P 500 emini saw aggressive selling (red-at-bottom) marked on Friday. The Support at the 3228 poc has now been tested, see Wednesday’s comments. Pre-open today ES is printing above that level. Price printing time below the poc would be a further negative. I would want to see Significant Buying […]

ChartProfit Chart Book – week ending 31st January 2020

S&P 500 emini – pre-open 31st January 2020 from ChartProfit The S&P 500 emini (ES) is struggling to print time above the 1/2R off this month’s high at 3285.50 (dashed line). Pre-open ES is printing below that level. I would want to see Significant Buying (green) being marked before looking at new longs. Support at […]

S&P 500 emini 30th January 2020 – pre-open from ChartProfit During Thursday’s session the 1/2R off this month’s high at 3285.50 (dashed line), was tested but quickly rejected. Pre-open ES is printing close to 3250. I would want to see Significant Buying (green) being marked before looking at new longs. Support at the 3228 poc […]

ES emini 29th January 2020 – pre-open from ChartProfit Support at the 3228 poc has not been tested. Currently ES is printing above 3285.50, the 1/2R off this month’s high. This is encouraging but I would want to see Significant Buying (green) being marked before looking at new longs. Stocks>50dyma numbers: Nyse 49% (from 45%), […]

S&P 500 futures emini 27th January 2020 I’ve been writing “First sign of technical weakness would now be a day-session close below 3302.75, that is the 01/16 Buying day low (dashed line on chart). That’s what we got on Friday. The 1month poc at 3283 halted the downside on Friday but price today is below […]