emini analysis 30th August 2017 – pre-open from Chartprofit Please read yesterday’s highlighted comments. ES opened below the 7mn poc at 2436.50 and immediately rallied back above it. The Value Area was once again generated entirely above that level. As long as ES holds above the poc it is in a strong price location but […]

emini analysis 29th August 2017 – pre-open from Chartprofit The last five Value Areas have been printed entirely above 2436.50, the 7mn poc, but ES fell overnight (as low as 2421) following news of the N. Korea missile launch. Price below the 7mn poc is weaker price location – Bulls would want to see ES […]

emini analysis 25th August 2017 – pre-open from Chartprofit The last three Value Areas have been printed entirely above 2436.50 (7mn poc) which is a stronger price location than Friday/Monday, see highlighted comments. During Thursday’s session the 2436.50 Support was briefly tested and held, see chart. Note though, that the Pulse Chart remains weak – […]

emini analysis 24th August 2017 – pre-open from Chartprofit Value Areas on Friday and Monday were printed entirely below 2436.50 (7mn poc) – an indication of weakness but VAs on Tuesday and Wednesday were printed entirely above that level, and as I wrote on Tuesday that “would be the first minor positive”, see highlighted comments. […]

emini analysis 23rd August 2017 – pre-open from Chartprofit Value Areas on Friday and Monday were printed entirely below 2436.50 (7mn poc) – an indication of weakness. Tuesday’s VA was printed entirely above that level, and I wrote yesterday that “would be the first minor positive”, see highlighted comments – and Aggressive Buying (green-at-top) was […]

emini analysis 22nd August 2017 – pre-open from Chartprofit See previous highlighted comments. Last two Value Areas have been printed entirely below 2436.50 (7mn poc). Price being accepted below that level is an indication of weakness. Overnight ES rallied to briefly probe 2436.50, the 7mn poc. Price printing time above that level would be the […]

emini analysis 21st August 2017 – pre-open See previous highlighted comments. Friday’s Value Area was printed below 2436.50 (7mn poc). Price being accepted below that level is an indication of weakness. The Pulse Chart remains weak – currently daily price momentum for SPY is negative and down and the Breadth indicator is red. First Level […]

emini analysis 18th August 2017 – pre-open from Chartprofit See yesterday’s highlighted comments. Following Wednesday’s rejected probe of First Level Resistance (2474) – ES sold off sharply on Thursday. A lower, wider Value Area was generated and Aggressive Selling (red-at-bottom) was marked. ES closed the session below 2436.50 (7mn poc), First Level Support, and pre-open […]

emini analysis 17th August 2017 – pre-open Last Thursday’s sell-off was halted at the First Level Support at 2436.50. ES has rallied from there and during Wednesday’s session First Level Resistance at 2474 was reached but not exceeded. Time printed above that level would be a positive, see yesterday’s highlighted comments. Also the Pulse Chart […]