emini – Thursday 7th June 2018 Wednesday’s session generated a fourth Value Area entirely above 2718, the 12mn poc. ES needs to hold above this level to maintain a strong price location. Support = 2718.00 (12mn poc) Stocks>50dyma numbers: Nyse 64% (from 63%), Nasdaq 74% (from 73%), R2000 78% (from 76%). numbers >50 are supportive. […]

emini 6th June 2018 – pre-open from Chartprofit Tuesday’s session generated a third Value Area entirely above 2718, the 12mn poc. ES needs to hold above this level to maintain a strong price location. Support = 2718.00 (12mn poc) Stocks>50dyma numbers: Nyse 63% (from 62%), Nasdaq 73% (from 70%), R2000 76% (from 74%). numbers >50 […]

emini 5th June 2018 – pre-open from Chartprofit Monday’s session generated a second Value Area entirely above 2718, the 12mn poc. ES needs to hold above this level to maintain a strong price location. Support = 2718.00 (12mn poc) Stocks>50dyma numbers: Nyse 62% (from 60%), Nasdaq 70% (from 66%), R2000 74% (from 72%). numbers >50 […]

emini 4th June 2018 – pre-open from Chartprofit There was a strong finish to the week with Friday’s session generating a Value Area entirely above 2718, the 12mn poc, see previous comments. ES needs to hold above this level to maintain a strong price location. Support = 2718.00 (12mn poc) Stocks>50dyma numbers: Nyse 60%, Nasdaq […]

emini 1st June 2018 – pre-open from Chartprofit Following the positive day on Wednesday, see previous comments, Thursday’s session was disappointing for Bulls, generating a lower Value Area and testing (briefly) the low of Wednesday’s Aggressive Buying day which happens rarely on the following day. Overnight ES rallied back enough to probe 2718, the 12mn […]

emini 31st May 2018 – pre-open from Chartprofit Wednesday was a positive day. ES generated most of its Value Area back above 2718, the 12mn poc, and Aggressive Buying was marked. Breadth numbers improved, see below, and the Rydex Ratio fell back, see below. ES needs to hold above 2718 to maintain its strong location. […]

ES emini 30th May 2018 – pre-open from Chartprofit See yesterday’s highlighted comments. ES generated a lower, wider Value Area on Tuesday. Has rallied back above 2705 overnight but as long as it prints below 2718, the 12mn poc, ES is in a weak price location. We need to see ES recover that level before […]

pre-open Tuesday 29th May 2018 On Friday the 12mn poc migrated to 2718. This has lifted the VAH and removed the Resistance at 2745, see Friday’s highlighted pre-open comments. But… ES currently prints below that level in what is now a weaker price location. If the poc remains at 2718 we need to see ES […]

emini 24th May 2018 – pre-open from Chartprofit The last eleven Value Areas have been generated above 2672, the 12mn poc, and as long as ES holds above that level it is in a strong LT price location. On Wednesday ES recovered back above 2724, the minor poc and pre-open today is printing just above […]