emini analysis 10th March 2017 – pre-open from Chartprofit Thurday’s session generated a lower Value Area and the Support at 2360 was tested (please note that First Level Support has now migrated slightly higher to 2365). The intraday tick numbers were negative for the sixth consecutive day but those based on price were positive. In […]

emini analysis 9th March 2017 – pre-open from Chartprofit Wednesday’s session generated an overlapping Value Area but the session close was weak with ES finishing close to the 2360 poc Support. Overnight that poc was tested and again ninety minutes pre-open as I write. Wednesday’s tick reading was a high negative number with lots of […]

emini analysis 7th January 2017 – pre-open from Chartprofit See previous comments. ES (and SPY) closed the day session gap on Monday. Three consecutively lower Value Areas will often mark the end of a correction in a strong uptrend and with the Support at 2360 as yet untested, that’s a possibility. There is a minor […]

emini analysis 6th March 2017 – pre-open from Chartprofit See previous comments. ES was sharply higher on Wednesday but weakened to the end of the week. Even so, Value Areas were generated above 2360, the minor poc and as long as ES holds this level it is in a string price location. First sign of […]

emini analysis 3rd March 2017 – pre-open from Chartprofit See previous comments. Sellers were active during Thursday’s session and a lower Value Area was generated. By strictly applying my rules Aggressive Selling (red-at-bottom) was marked. This is the first indication that control of the dayframe “may” be shifting to the Sellers. Even if it is, […]

Stock market today 2nd March 2017 – pre-open from Chartprofit See previous comments. Intraday numbers were strongly positive on Wednesday even following the sharply higher open. Once again we can say that “By any technical measure the market is extremely overbought but Buyers are still in control of the dayframe”. We are looking for a […]

emini analysis 1st March 2017 – pre-open from Chartprofit See previous, highlighted, comments. Intraday numbers were mixed on Tuesday. Those based on price were neutral to slightly positive but the tick numbers were clearly negative. We saw this previously on 02/14 and the following day was up. Based on tick, yesterday was a selling day […]

emini analysis 28th February 2017 – pre-open from Chartprofit See previous, highlighted, comments. Buyers were active and Effective during Monday’s session, see the intraday numbers. A higher Value Area was generated entirely aboive the minor (19day) poc at 2360. ES (and SPY) reached new highs. By any technical measure the market is extremely overbought but […]

emini analysis 27th February 2017 – pre-open from Chartprofit See previous, highlighted, comments. Last week saw Tuesday open up from previous Friday and the rest of the week we saw overlapping Value Areas generated centred around 2360 which is now the 18day poc and first minor level of Support/Resistance. One hour pre-open today ES prints […]