emini analysis 24th March 2017 – pre-open from Chartprofit Thursday’s session generated an overlapping/higher Value Area. However ES closed towards the low of the session and the rally early in the session did not retrace much of Tuesday’s Effective Selling day. With ES printing below 2367, the 2month poc, ES is in a weak price […]

emini analysis 23rd March 2017 – pre-open from Chartprofit Tuesday’s red-at-bottom low was tested on Wednesday and an overlapping/lower Value Area was generated. If the 2month poc remains at 2367 and ES is printing below that level it is in a weak price location. There is no useful, local Support level. Breadth and price momentum […]

emini analysis 22nd March 2017 – pre-open from Chartprofit Reactive Selling (red-at-top) and Aggressive Selling (red-at-bottom) were both marked on Tuesday. An early probe above 2378.50, the minor poc was rejected and ES immediately sold-off. Tuesday’s Value Area was generated entirely below 2367 (now First Level Resistance) – this was Effective Selling. Not a good […]

emini analysis 21st March 2017 – pre-open from Chartprofit Monday generated a third Value Area inside the range of last Wednesday’s session. The First Level Support at 2367 was tested but held. As long as ES holds above 2367 it is in a strong price location. Thirty minutes pre-open ES prints above that level. First […]

emini analysis 20th March 2017 – pre-open from Chartprofit Friday generated a second Value Area inside the range of Wednesday’s session. Wednesday’s green-at-top has not yet been tested – they usually are (80% of the time) within a day, or two. As long as ES holds above 2367 it is in a strong price location. […]

emini analysis 17th March 2017 – pre-open from Chartprofit Thursday generated a Value Area inside the range of the previous session. Wednesday’s green-at-top has been tested – they usually are 80% of the time within a day, or two. The minor Support at 2375 (minor poc) was tested but held – that minor poc is […]

emini analysis 16th March 2017 – pre-open from Chartprofit Note: we are now following the June contract. ES opened just below 2367, the two month poc, and then immediately rallied. A higher, wider Value Area was generated and Aggressive Buying (green-at-top) was marked. There is minor Support at 2375 (minor poc) but as long as […]

emini analysis 15th March 2017 – pre-open from Chartprofit Note: we are now following the June contract. The two month poc has migrated slightly to 2367. Tuesday’s Value Area was generated entirely below that poc. As long as ES holds this level it is in a strong price location. Significant Selling marked below 2367 would […]

emini analysis 14th March 2017 – pre-open from Chartprofit Note: we are now following the June contract. The March contract is still active and found Resistance at 2375 on Monday, our First Level Resistance. Since the First Level Support moved to 2365 last week, both Value Areas have been generated above that level. Significant Selling […]