If FTSE is printing below 7044, the 3mn poc, it is a weak position and increases the odds that the Major Support will be tested. I will wait for a clear higher low above 7044 before looking at the long side.

IWM remains in a weak position below the 16mn

emini futures 30th November 2018 – pre-open from Chartprofit See previous highlighted comments. With regard to the test last week of 2634, the 12mn VAL, I wrote…”Bulls would want to see another rejection here and a rally”. On Wednesday I marked Aggressive Buying for the second time this week and ES has rallied back above […]

emini futures 29th November 2018 – pre-open from Chartprofit See previous highlighted comments. With regard to the test last week of 2634, the 12mn VAL, I wrote…”Bulls would want to see another rejection here and a rally”. On Wednesday I marked Aggressive Buying for the second time this week and ES has rallied back above […]

emini futures 27th November 2018 – after close from Chartprofit If ES prints below 2718, the major poc, it is in a LT weak position and I remain cautious but it is interesting that very little time has been spent below 2634…from last week >>the 12mn VAL has moved to 2634 (dashed line). ..Bulls would […]

emini futures 27th November 2018 – pre-open from Chartprofit Overnight ES printed above 2680 but quickly fell back from that level. Pre-open it is printing back below 2660. If ES prints below 2718, the major poc, it is in a LT weak position and I remain cautious but it is interesting that very little time […]

ES emini futures 26th November 2018 – pre-open from Chartprofit Pre-open today ES has printed above 2660. This is still a LT weak position because it is below 2718, the major poc, but it is interesting that very little time has been spent below 2634…from last week >>the 12mn VAL has moved to 2634 (dashed […]

emini futures 23rd November 2018 – pre-open from Chartprofit Pre-open today ES has printed as low as 2626. It is in a weak position, see previous highlighted comments, above. ETFs Maj POC Resistance: SPY 271.7, IWM 153.5 Stocks>50dyma numbers: Nyse 29%, Nasdaq 24%, R2000 26%. Numbers >50 are supportive. Sentiment: On Wednesday my version of […]

emini futures 20th November 2018 – after close from Chartprofit On 10/29 there was a rejected test of 2605, the 12mn Value Area Low (VAL). ES then rallied and on 11/07 there was a rejected probe above 2806, the 12mn Value Area High (VAH). Both levels were identified on the chart before the event. Pre-open […]

emini futures 20th November 2018 – pre-open from Chartprofit Monday’s session generated a Value Area entirely below 2718, the major poc, which immediately put it back in a weak position. As I wrote last week, “prudent Bulls would wait for Significant Buying (green) marked above this level”. Pre-open today ES is also printing below 2710.50, […]