pre-open Monday 5th November 2018 – from Chartprofit I wrote on Tuesday last week >>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 […]

Dollar Index chart 2nd November There was a rejected probe above the August high but DX is in a strong LT position if it holds 94.80

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 […]