emini futures 8th November 2018 – pre-open from Chartprofit Recap: The market has rallied strongly since testing the 12mn VAL (2605) on 10/30, see highlighted comments. This week we have seen Value Areas generated above the major poc at 2718 (indication of Strength) and Aggressive Buying (green) being marked. During Wednesday’s session ES probed above […]

emini futures 7th November 2018 – pre-open from Chartprofit Please read previous highlighted comments. The market rallied last week following a test of the 12mn VAL (2605). Value Areas on Mon and Tue were generated above 2718, the maj poc, and on Tuesday Aggressive Buying (green-at-top) was marked above that level. The 2mn poc at […]

emini futures 6th November 2018 – pre-open from Chartprofit Please read last week’s highlighted comments. The market rallied last week following a test of the 12mn VAL (2605). Value Areas on Wed/Thu/Fri were generated in the area of 2718, the maj poc and Monday’s just above that level. Pre-open today ES is printing above 2718. […]

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 […]