emini analysis 29th June 2017 – pre-open from Chartprofit See yesterday’s highlighted comments. Before Tuesday’s session opened there was a rejected test of 2415, the Value Area Low (VAL) of the minor distribution that began in May. Encouragingly that suggests the distribution is still valid and developing. Price acceptance (time) around 2415 would be evidence […]

emini analysis 28th June 2017 – pre-open from Chartprofit See yesterday’s highlighted comments. During Monday’s session the 6wk poc migrated slightly higher to 2436.50. Early in Tuesday’s session that poc was probed and rejected (see chart). ES sold off from there and Aggressive Selling was marked. The controlling price at 2436.50 is the poc of […]

emini analysis 27th June 2017 – pre-open from Chartprofit During Monday’s session the 6wk poc migrated slightly higher to 2436.50. Pre-open today ES is printing below that level. Also see Sentiment, below. Minor Support/Resistance = 2436.50 (6wk poc) First Level LT Support = 2384 (5mn poc) Second Level LT Support = 2353 (poc) Sentiment: My […]

emini analysis 26th June 2017 – pre-open from Chartprofit The 6wk poc migrated to 2432.00 on Thursday. Friday’s Value Area was printed entirely above that level and intraday Support was found there late in the session. Pre-open today ES is printing above 2440 in a strong price location. Minor Support/Resistance = 2432.0 (6wk poc) First […]

emini analysis 23rd June 2017 – pre-open from Chartprofit On Thursday enough time was spent at 2432 to migrate the 2mn poc to that level. Price relative to this level will give a clue re ST strength/weakness. Minor Support/Resistance = 2432.00 (2mn poc) First Level LT Support = 2384 (5mn poc) Second Level LT Support […]

emini analysis 22nd June 2017 – pre-open from Chartprofit Please read yesterday’s highlighted comments. Following the Aggressive Sellin g on Tuesday, Wednesday’s session generated a lower Value Area, but not entirely below 2434.50, the 6wk poc. There was intraday Resistance at this level (see chart) and again overnight and pre-open ES continues to print slightly […]

emini analysis 21st June 2017 – pre-open from Chartprofit Aggressive Selling was marked (red-at-bottom) and the 2434.50 (6wk poc) Support was tested but in the longer timeframe this activity can be considered Reactive because Tuesday’s Value Area (like Monday’s) was generated entirely above the poc. Overnight and pre-open ES has been printing below 2434.50 in […]

emini analysis 20th June 2017 – pre-open from Chartprofit Monday’s Value Area was generated entirely above 2434.50 (6wk poc). As long as ES holds above this level it is in a strong price location even in the ST. And in the longer timeframe as long as it holds above 2413 it is in a strong […]

emini analysis 19th June 2017 – pre-open from Chartprofit See previous, highlighted, comments. Both Thursday’s and Friday’s Value Areas were generated entirely below 2434.50 (6wk poc). However, pre-open today ES prints above that level. Price relative to that level at the start of this week will be useful to gauge ST strength/weakness. Minor S/R = […]

pre-open Friday 16th June See previous, highlighted, comments. Thursday’s Value Area was generated entirely below 2434.50 (6wk poc). Pre-open today ES prints just below that level. Minor S/R = 2434.50 (minor poc) First Level LT Support = 2384 (5mn poc) Second Level LT Support = 2353 (poc) Sentiment: My version of the Rydex Assets Ratio […]