FTSE has stalled at 7223, the 1/2R Resistance off 2018 high

emini 22nd February 2019 – pre-open from Chartprofit See previous, highlighted comments. The last seven value Areas have been printed entirely above 2718, the major poc. ES is in a strong LT position if it can hold this Support. Dayframe: Thursday’s Value Area was printed below 2777.00, the minor (13day) poc, but pre-open today ES […]

emini 21st February 2019 – pre-open from Chartprofit See previous, highlighted comments. The last six value Areas have been printed entirely above 2718, the major poc. ES is in a strong LT position if it can hold this Support. Dayframe: a minor (13day) poc has emerged at 2777.0. Price relative to this level is worth […]

emini 20th February 2019 – from Chartprofit See previous, highlighted comments. The last five value Areas have been printed entirely above 2718, the major poc. ES is in a strong position if it can hold this Support. Stocks>50dyma numbers: Nyse 87%, Nasdaq 87%, R2000 88%. Numbers >50 are supportive. Sentiment: My version of the Rydex […]

emini 19th February 2019 – pre-open from Chartprofit The last four value Areas have been printed entirely above 2718, the major poc. ES is in a strong position if it can hold this Support. Once again the pattern of strength at the end of the week was evident, see highlighted comments from 14th Jan. Stocks>50dyma […]

Gold ETF chart (GLD) held the higher levels this week and maintains its strong location.

USO ended the week above 11.41, the major poc, in a strong position.

IWM is now printing above 153.50 (3year poc) in a strong position.

Following a rejected test of the 6820 poc in late Jan the 18mn controlling price migrated to 7037. This is now First Level Support. As long as chart holds this level it is in a strong position.

Emini Friday 15th February 2019 The last three value Areas have been printed entirely above 2718, the major poc.ES is in a strong position if it can hold this Support. Stocks>50dyma numbers: Nyse 82% (from 83%), Nasdaq 83% (from 82%), R2000 83% (from 82%). Numbers >50 are supportive. Sentiment: My version of the Rydex Assets […]