S&P emini 4th March 2020 – pre-open from ChartProfit An early probe yesterday of the 1/2R Resistance at 3125.50, dashed line, was rejected and ES sold off – see yesterday’s highlighted pre-open comments. You can see from the chart how ES is currently bound by that Resistance and the major poc Support at 2887. ES […]

S&P 500 emini 3rd March 2020 from ChartProfit ES tested the 2year poc Support at 2887 on Friday and has rallied from there. It is critical that the Support holds. A Value Area generated below that level would be a negative in the longer timeframe. Dayframe: Monday’s Value Area was the first higher VA since […]

S&P 500 emini – 2nd March 2020 see previous highlighted comments. Aggressive Selling (red-at-bottom) was marked three times in last week’s severe sell-off. The 2year poc at 2887 has been tested and Bulls would want to see that hold, or quickly recovered if there is a further test. The next major poc Support is 2719. […]

As you are aware, the markets have experienced a severe decline this week as fear over the spread of the coronavirus has caused a panic. European markets are down more than 12% this week and the U.S. is down more than 13%. The U.S. reached a new all-time high only last week and there has […]

S&P 500 emini 26th February 2020 There was a brief probe of the 3228 poc immediately after the open on Tuesday but that was rejected and ES sold off sharply once again, see yesterday’s pre-open comments, highlighted on chart.  Aggressive Buying was marked. I remain cautious with ES below that level.

S&P 500 emini 25th February 2020 With yesterday’s price action, the 5mn poc migrated to 3228.0. It is now extremely important to watch price relative to this level. Pre-open ES prints above the poc but time below it would be a negative development in the LT. Stocks>50dyma numbers: Nyse 33% (from 47%), Nasdaq 33% (from […]

S&P 500 emini 24th February 2020 – pre-open from Chartprofit ES has declined sharply overnight and has tested the Support at 3249.0, the 4mn poc. As I have been writing, “First sign of LT weakness would be Effective Selling marked below that poc”. Pre-open today ES prints below that level. Stocks>50dyma numbers: Nyse 47%, Nasdaq […]

S&P 500 emini 21st February 2020 Dayframe: 14dy poc migrated to 3371 last week. ES is curently finding that level “attractive”, possibly a poc of a more important degree is developing here. Aggressive Buying (green-at-top) was marked early last week. The first sign of minor weakness would be a day-session close below 3323 (dashed line), […]

S&P 500 emini 19th February 2020 – pre-open Dayframe: 14dy poc has migrated to 3371 on Friday. Price to that level is worth monitoring. Aggressive Buying (green-at-top) was marked early last week. The first sign of minor weakness would be a day-session close below 3323 (dashed line), the low of that Buying day. The minor […]

emini S&P 500 18th February 2020 – pre-open Dayframe: 14dy poc has migrated to 3371. Price to that level is worth monitoring today. Aggressive Buying (green-at-top) was marked early last week. The first sign of minor weakness would be a day-session close below 3323 (dashed line), the low of that Buying day. The minor (6wk) […]