emini futures 23rd November 2018 – pre-open from Chartprofit Pre-open today ES has printed as low as 2626. It is in a weak position, see previous highlighted comments, above. ETFs Maj POC Resistance: SPY 271.7, IWM 153.5 Stocks>50dyma numbers: Nyse 29%, Nasdaq 24%, R2000 26%. Numbers >50 are supportive. Sentiment: On Wednesday my version of […]

emini futures 20th November 2018 – after close from Chartprofit On 10/29 there was a rejected test of 2605, the 12mn Value Area Low (VAL). ES then rallied and on 11/07 there was a rejected probe above 2806, the 12mn Value Area High (VAH). Both levels were identified on the chart before the event. Pre-open […]

emini futures 20th November 2018 – pre-open from Chartprofit Monday’s session generated a Value Area entirely below 2718, the major poc, which immediately put it back in a weak position. As I wrote last week, “prudent Bulls would wait for Significant Buying (green) marked above this level”. Pre-open today ES is also printing below 2710.50, […]

emini futures 19th November 2018 – pre-open from Chartprofit Friday’s session generated a Value Area above 2718, the major poc. So that’s a stronger position if ES can hold above the poc (now Support) but as I wrote on Wednesday “prudent Bulls would wait for Significant Buying (green) marked above this level”. A further positive […]

Stock market Sentiment – Charts through 16th November 2018 – Chartprofit eBook Stock Market Sentiment. Consensus polls, mutual fund flow indicators, Commitment of traders charts. Major Stock Index ETFs, Bonds, Gold, Oil and Forex. eBook PDF

Enough time was spent at 12.79 early this week to migrate the 18mn back to this level. This is now Resistance for this chart.

If price is printing below 7044, the 3mn poc, it is in a weak position and increases the odds that the Major Support will be tested. I will wait for a clear higher low above 7044 before looking at the long side.

2718 has been tested this week following the rejected probe of the 2806 VAH, previous week. I would want to see Significant Buying marked above that level before considering the long side.

emini futures 16th November 2018 – pre-open from Chartprofit An overlapping/higher Value Area was generated on Thursday and ES attempted to print time above 2718 (the Maj poc) late in the session. Pre-open today chart is back below that level. It is encouraging to see the NAAIM Index fall to its lowest reading since February […]

emini futures 15th November – pre-open from Chartprofit On Monday ES broke below 2761.50 early in the session (see Monday’s highlighted comments) and then sold-off. The major Support at 2718 has not been tested and Wednesday’s Value Area was printed entirely below that level. Pre-open today ES remains in a weak position below that poc. […]