emini analysis 16th April 2018 – pre-open from Chartprofit As discussed in Friday’s video, last week the 9month poc migrated to ES 2647. This provided Support late in Friday’s session, see chart. A Value Area generated below 2647 would be the first minor sign of weakness. Index ETFs: SPY 264.50 = 9mn; IWM 153.50 = […]

emini analysis 13th April 2018 – pre-open from Chartprofit On Wednesday the minor (1month) poc migrated to 2647 and Thursday’s Value Area was generated entirely above that level, see yesterday’s highlighted comments. Last week the 8month poc migrated lower to 2582. ES needs to hold that level to remain in a strong location in the […]

emini analysis 12th April 2018 – pre-open from Chartprofit The decline on Monday afternoon was halted at 2611, the minor poc. On Wednesday that minor (1month) poc migrated to 2647. This is a new reference level for us in the ST and price relative to 2647 could be monitored for strength/weakness. I think 2647 could […]

emini analysis 11th April 2018 – pre-open from Chartprofit The decline on Monday afternoon was halted at 2611, the 1mn poc, see previous highlighted comments. ES needs to hold that level to remain in a strong location in the ST. Last week the 8month poc migrated lower to 2582. ES needs to hold that level […]

ES analysis 10th April 2018 – pre-open from Chartprofit In the afternoon of Monday’s session there was a sell-off. The decline was halted at 2611, the 1mn poc, see yesterday’s highlighted comments. ES rallied from there and overnight printed back above 2650. Last week the 8month poc migrated lower to 2582. Bulls would want to […]

emini analysis 9th April 2018 – pre-open from Chartprofit Last Wednesday the 8month poc migrated lower to 2582. Bulls would want to see this Support hold. Significant Buying (green) marked above this level would be a positive. Major Resistance is at the 2725 poc. Dayframe: The 1month poc is at 2611. Price relative to this […]

emini analysis 6th April – pre-open On Wednesday the 8month poc migrated lower to 2582, see Wednesday’s highlighted comments. ES sold off overnight and Bulls would want to see this Support hold. Significant Buying (green) marked above this level would be a positive. Major Resistance is at the 2725 poc. Stocks>50dyma numbers: Nyse 43% (from […]

emini analysis 5th April 2018 – pre-open from Chartprofit On Wednesday the 8month poc migrated lower to 2582, see yesterday’s highlighted comments. This is now Support. This occured on a 30 minute basis. On timescales lessthan 30 minutes the 8month poc remains at 2725 (Resistance). Bulls would want to see 2582 hold. Significant Buying (green) […]

emini analysis 4th April 2018 – pre-open from Chartprofit Tuesday’s session found Resistance at 2611, the minor (15day) poc, see yesterday’s comments above. This level is useful to monitor re ST strength/weakness. Following the failed probe above 2760, the major Value Area high, the 7month poc migrated to 2725.00 on 03/20, see last Wednesday’s highlighted […]

emini analysis 3rd April 2018 – pre-open from Chartprofit Following the failed probe above 2760, the major Value Area high, the 7month poc migrated to 2725.00 on 03/20, see last Wednesday’s highlighted comments. I wrote “the migration of an important poc will often occur just before a new directional move begins so it is now […]