IWM chart 2nd November

emini futures 2nd November 2018 – pre-open from Chartprofit I wrote on Tuesday >>yesterday’s session low was a test of the 12month Value Area low at 2605 (dashed line). If this is a correction in an ongoing bull market I would expect a test of a major VAL to be rejected, i.e. the market rallies.<< […]

emini futures 1st November 2018 – pre-open from Chartprofit Please see Tuesday’s highlighted comments. Wednesday’s Value Area was printed almost entirely above 2718, the major poc, however there was a late sell-off to close the session at that level. Time above 2718 is a first sign of strength. Pre-open today ES is printing close to […]

emini futures 31st October 2018 – pre-open from Chartprofit The last three Value Areas have been generated entirely below 2718, the major poc, and indicate a weak price location. Price printing time back above that level would be a positive. Until that happens I remain cautious. However, Monday’s session low was a test of the […]

emini futures 30th October – pre-open from Chartprofit The last three Value Areas have been generated entirely below 2718, the major poc, and indicate a weak price location. Price printing time back above that level would be a positive. Until that happens I remain cautious. However, yesterday’s session low was a test of the 12month […]

emini futures 29th October – pre-open from Chartprofit The sessions on Thursday and Friday generated Value Areas entirely below 2718, the major poc, and indicate a weak price location. Price printing time back above that level would be a positive. Until that happens I remain cautious. ETFs: Major Levels. SPY = 271.7, IWM = 153.5. […]

emini futures 26th October 2018 – pre-open from Chartprofit As shown on the charts sent after close yesterday, both the emini ES and SPY rallied intra-day on Thursday to probe the Major Resistance. However, this was rejected and pre-open today ES is printing back lower and has tested Wednesday’s low. Price below ES 2718 and […]

FTSE found Resistance at the 3year and fell sharply. There is Major Support at 6820.

In today’s session ES rallied back to probe 2718 (now Resistance). Until the chart prints time above that level it is in a weak price location.