emini SP500 9th October 2019 See yesterday’s comments. Tuesday’s Value Area was generated entirely below 2927, the 15mn poc. This is weak location. Pre-open today ES has probed that level (now Resistance). We also need to see improvement in both Breadth and daily Price Momentum, see today’s Pulse Chart. Stocks>50dyma numbers: Nyse 35% (from 47%), […]

emini SP500 8th October 2019 – pre-open from ChartProfit Value Areas on Wednesday and Thursday last week were generated below 2927, the 15mn poc. I wrote that “Bulls would want to see that level recovered as soon as possible”. ES did recover, with VAs on Friday and Monday being generated above 2927 but pre-open today […]

emini 7th October 2019 – pre-open from ChartProfit Value Areas on Wednesday and Thursday last week were generated below 2927, the 15mn poc. I wrote that “Bulls would want to see that level recovered as soon as possible” and that is what happened with Friday’s Value Area being generated above the poc. Also Aggressive Buying […]

ChartProfit Chart Book – week ending 4th October 2019

Friday 4th October Value Areas on Wednesday and Thursday were generated below 2927, the 15mn poc. This is weak location. Bulls would want to see that level recovered as soon as possible. Stocks>50dyma numbers: Nyse 40% (from 38%), Nasdaq 35% (from 33%), R2000 40% (unch). Numbers >50 are supportive. Sentiment: My version of the Rydex […]

emini 3rd October 2019 – pre-open from ChartProfit Tuesday’s Value Area was generated below 2976, the minor (6week) poc and we noted that was “weak ST price action”. Wednesday’s VA was generated below 2927, the more important (15mn) poc. That is further weak price action. ES is not in a strong position if it is […]

Short Term: the minor (6week) poc has migrated to 2976. In the short-term price relative to this level is important to monitor at the start of this week. Pre-open today ES prints below that level. Longer Term: Since 4th September Value Areas have been generated above 2927, the 15mn poc, an indication of LT strength. […]

ChartProfit Chart Book – week ending 27th September 2019

Friday 27th September Short Term: Thursday’s session generated an overlapping Value Area but not a significant rally after Wednesday’s decline. The short term Resistance is at 3000.50, (1 month poc) and until ES prints time above this level it is wise to assume the bias is lower, respecting the Aggressive Selling day last week. Longer […]