emini analysis 16th August 2017 – pre-open See previous highlighted comments. Thursday’s sell-off was halted at the First Level Support at 2436.50. A Value Area generated below this level would be an indication of weakness in the longer timeframe. In the shorter timeframe, price printing time above 2474, the 2mn poc Resistance, would be a […]

emini analysis 15th August 2017 – pre-open from Chartprofit See previous highlighted comments. Monday printed above Thursday’s session high which negates any ST weakness implied by Thursday’s Aggressive Selling (red-at-bottom). Thursday’s sell-off was halted at the First Level Support at 2436.50 and a Value Area generated below this level would be an indication of weakness […]

emini analysis 14th August 2017 – pre-open Wednesday 08/09 generated a Value Area entirely below the minor poc at 2470.00. This was our first minor sign of weakness – see previous highlighted comments. Thursday was a strong down day which was halted at the First Level Support at 2436.50 – see previous highlighted comments, this […]

emini analysis 4th August 2017 – pre-open from Chartprofit The minor poc (1month) is now at 2470.00. Pre-open today ES prints just above that price. The first minor sign of weakness would be a Value Area printed below that level. First Level Support/Resistance = 2470.0 (1mn poc) Second Level Support = 2436.50 (3mn poc) Sentiment: […]

emini analysis 3rd August 2017 – pre-open from Chartprofit Please read previous comments. Last week’s sell-off on Thursday was Supported at the (then) minor 2456.50 poc. That minor poc (1month) is now at 2473.00. Pre-open today ES prints very close to that price. The first minor sign of weakness would be a Value Area printed […]

emini analysis 2nd August 2017 – pre-open from Chartprofit Please read previous comments. As discussed, last week’s sell-off on Thursday was Supported at the minor 2456.50 poc. That minor poc (1month) migrated to 2468.0 on Monday and has now migrated higher again to 2473.00. The first minor sign of weakness would be a Value Area […]

emini analysis 1st August 2017 – pre-open from Chartprofit Please read previous comments. As discussed, last week’s sell-off on Thursday was Supported at the minor 2456.50 poc. That minor poc (1month) has now migrated to 2468.0. The first minor sign weakness would be a Value Area printed below this level. First Level Support = 2468.0 […]

emini analysis 31st July 2017 – pre-open from Chartprofit Please read previous comments. As discussed, last week’s sell-off on Thursday was Supported at the minor 2456.50 poc. The first minor sign weakness would be a Value Area printed below this level. First Level LT Support = 2436.50 (3mn poc) Sentiment: My version of the Rydex […]

emini analysis 28th July 2017 – pre-open from Chartprofit Please read previous comments. Thursday’s sell-off generated a lower, wider, Value Area and Aggressive Selling (red-at-bottom) was marked. Note that the decline was Supported at the minor 2456.50 poc. Therefore in the longer timeframe this price action can be considered Reactive Selling because the Value Area […]

emini analysis 27th July 2017 – pre-open from Chartprofit Please read previous comments. ES reached a new all-time-high again this week, as did SPY and IWM. Aggressive Buying (green-at-top) has been marked twice in the last nine days and ES has auctioned higher so this is Effective Buying. As long as ES holds above 2436.50, […]