ES emini forecast Bullish: the current major at 2718 is exceeded and becomes Support. Bearish: the current major is not probed or acts as Resistance. Time spent in grey band migrates the major lower from 2718.

emini 25th January 2019 – pre-open See Wednesday’s highlighted comments. Since those comments ES has spent most time at 2636. I am watching for possible migration of the major, currently at 2718. More time would be needed. 01/17 was an Aggressive Buying day. The low of that day was 2605.50. Time below that level would […]

emini 24th January 2018 – pre-open from Chartprofit See yesterday’s comments. Wednesday’s session generated a lower/overlapping Value Area. 01/17 was an Aggressive Buying day. The low of that day was 2605.50. Time below that level would negate that ST bullish implications of that imbalance. There is minor poc (1month) Support at 2584 and currently 2718 […]

emini – Wednesday 23rd January 2019 ES may find the 1/2R at 2636 attractive. Currently the major poc is at 2718. If enough time is spent at 2636 the major could migrate to that level. That may take some time and imo would probably not be bullish. I’ll be watching for that. Currently 2718 is […]

emini futures 22nd January 2019 – pre-open from Chartprofit Following Thursday’s Aggressive Buying (green-at-top) Friday’s session generated a Value Area entirely above 2636, the 1/2R (SPY = 263.85). This level is now Support. Price printing time above these levels would be a positive. The next level of Resistance are the Major pocs at ES 2718 […]

USO Resistance – on 12/07 chart found Resistance at 11.41, the Major Poc and fell sharply lower from there. Has rallied back and is approaching that Resistance again. This is an important chart. Price above 11.41 would be a positive for risk-on.

There is significant close Resistance on the following Equity Index charts – worth monitoring this coming week. ES: 2718.0 SPY: 271.7 IWM: 149.6 FTSE: 7044 DAX: 11317        

emini 18th January 2018 – pre-open from Chartprofit During Thursday’s session the 1/2R Resistance at 2636 was tested. Pre-open today ES is printing above that level. The equivalent level for SPY is 263.85. Price printing time above these levels would be a positive. The next level of Resistance are the Major pocs at ES 2718 […]

emini futures 17th January 2019 – pre-open from Chartprofit See yesterday’s pre-open comments (highlighted). As long as price is printing above 2584 it is in a strong position. First level Resistance is at ES 2636 (dashed), 263.85(SPY) = 1/2R off the Sep high. Daily Momentum (SPY) turned positive on Monday, see Pulse Chart. Breadth numbers […]

emini futures 16th January 2019 – pre-open from Chartprofit ES did the positive thing again on Tuesday, see arrow, by finding session low right at the minor (1 month) poc at 2584.00, as detailed in yesterday’s pre-open comments (highlighted). Also see 01/04, arrowed. As long as price is printing above 2584 it is in a […]