Wednesday 14th August 2019 Both Aggressive Buying (green) and Selling (red) have failed to extend over the last few days. This is rare (see Pulse Chart) and most likely represents a heightened polarity of opinion. Daily technicals look weak but sentiment is overly bearish (i.e. contrarian bullish) – not an ideal environment to make directional […]

emini 13th August 2019 – pre-open from ChartProfit Thursday’s Buying day low was broken on Monday negating any ST bullish implications of that Buying imbalance. The 15mn Support at 2887 was also broken (see yesterday’s comments) and pre-open today ES prints below that level in a weak position. Aggressive Selling (red-at-bottom) was marked and daily […]

emini 12th August 2019 from ChartProfit The high of an Aggressive Buying day is usually re-tested (80%) within two sessions. That didn’t happen in Friday’s session and pre-open today ES is printing close to Thursday’s Buying day low (2892.50). If ES prints below that low it negates any ST bullish implications of that Buying day. […]

emini 9th August 2019 – pre-open from ChartProfit Thursday’s Value Area was generated entirely above 2887, the 15mn poc, this is now Support. Aggressive Buying (green-at-top) was marked, see yesterday’s comments. With the shift in just the last few days to very bearish Sentiment, (bullish to contrarians) and yesterday’s price action, the Buyers look like […]

emini 8th August 2019 During Wednesday’s session the 15mn Resistance at 2887 was tested. Pre-open today ES is printing just above that level. The low for this decline came on Monday and that was an Aggressive Selling day, so I call that a weak low because it is rare that a low of any significance […]

Wednesday 7th August 2019 Overnight the 15mn Resistance at 2887 was tested and quickly rejected. back to 2845, see yesterday’s comments. Tuesday’s Value Area was not generated convincingly higher than Tuesday’s. Last imbalance was Selling so I’m not considering the long side until Significant Buying (green) is marked above 2887 and Breadth numbers improve Stocks>50dyma […]

emini 6th August 2019 The 15mn poc is at 2887.0 (now Resistance), see Friday’s pre-open comments, the poc migrated to this level back in June. Prior to that, the poc was at 2829 and in terms of time is still very close to 2887. ES has recovered back above 2829. If ES spends more time […]

emini 5th August 2019 – pre-open from ChartProfit Pre-open today ES is testing the 15mn Support at 2887.0, see Friday’s pre-open comments, highlighted. Market Charts: All major Market Charts turned negative. Stocks>50dyma numbers: Nyse 44%, Nasdaq 49%, R2000 50%. Numbers >50 are supportive. Sentiment: My version of the Rydex Assets Ratio ended the week at […]