post-close Wednesday 14th June During today’s session the six week poc migrated slightly higher to 2434.50. Price relative to this level will give a clue re ST strength/weakness. Minor Support = 2433.00 (minor poc) First Level LT Support = 2384 (5mn poc) Second Level LT Support = 2353 (poc) Bonds: TLT – closed today at […]

emini analysis 14th June 2017 – pre-open from Chartprofit Enough time was spent at 2433 to migrate the six week poc to this level (from 2413). When the minor poc was at 2413 it implied exhaustion for the minor distribution around 2443. We saw rejection at that price level, see Monday’s comments, and the Sep […]

emini analysis 13th June 2017 – pre-open from Chartprofit Note: we are now following the Sep contract. Please read yesterday’s comments. As noted, the Sep contract tested the minor Support at 2413 on Friday. ES needs to hold above this level to maintain a strong proce location on the minor timeframe. There is minor Resistance […]

emini analysis 12th June 2017 – pre-open from Chartprofit During Friday’s session there was a rejection of a price probe above 2443 (dashed line), see Friday’s highlighted pre-open comments. As I wrote on Friday it was a minor distribution that indicated this could happen. It would now be a positive to see price accepted (time) […]

emini analysis 9th June 2017 – pre-open from Chartprofit Dayframe: The minor poc (12day) is at 2432.00. Price relative to this level would be an indication of intraday strength/weakness today. One hour pre-open ES is printing just above that level. Minor distributions suggest that 2443 might reject price – it would be a positive if […]

emini analysis 8th June 2017 – pre-open from Chartprofit Dayframe: See yesterday’s comments. 2434.50 was intraday Resistance on Wednesday. That minor poc (11day) has now shifted slightly lower to 2432.00. Price relative to this level would be an indication of intraday strength/weakness today. Last week Aggressive Buying (green-at-top) was marked on Thursday as ES (and […]

emini analysis 7th June – pre-open from Chartprofit Last week Aggressive Buying (green-at-top) was marked on Thursday as ES (and SPY) recorded a new high. As long as ES holds above 2413.00 it is in a strong location even on the minor timeframe. Dayframe: 2434.50 (6day poc) could be worth monitoring today. Price relative to […]

emini analysis 6th June 2017 – pre-open from Chartprofit Last week Aggressive Buying (green-at-top) was marked on Thursday as ES (and SPY) recorded a new high and as long as ES holds above 2413.00 it is in a strong location even on the minor timeframe. Minor Support = 2413.00 (minor poc) First Level LT Support […]

emini analysis 5th June 2017 – pre-open from Chartprofit Last week Aggressive Buying (green-at-top) was marked on Thursday as ES (and SPY) recorded a new high. Breadth has improved, see below and Pulse Chart. As long as ES holds above 2413.00 it is in a strong location even on the minor timeframe. Minor Support = […]

emini analysis 2nd June 2017 – pre-open Aggressive Buying (green-at-top) was marked as ES (and SPY) recorded a new high. Breadth has improved. See below and Pulse Chart. Dayframe: The minor poc was at 2411.50, see yesterday’s comments, but migrated slightly higher to 2413.00 and as long as ES holds above that level it is […]