Stock market today 21st November 2016. Pre-open from Chartprofit. emini analysis: Please read previous comments. Encouragingly, the last four Value Areas have been generated entirely above 2159.50, the 6month poc. Also last week, Aggressive Buying (green-at-top) was marked above that level, see previous comments. ES has to hold the 2159.50 poc to maintain a strong […]

Russell 2000 all time high – Pre-open report Friday 18th November The Russell 2000 has reached a new all-time-high this week, and the S&P 500 is printing close to its own all time high registered in August. Please read previous comments. The last three Value Areas have been generated entirely above 2159.50, the 6month poc, […]

Stock market today 17th November 2016 – pre-open from Chartprofit. Please read previous comments. Following Tuesday’s Agressive Buying, Wednesday generated a very narrow, “inside” Value Area but like Tuesday’s it was printed entirely above 2159.50. ES has to hold this level to maintain a strong price location. Momentum and breadth have improved on the Pulse […]

Stock market today 16th November 2016 – pre-open from Chartprofit Please read previous comments. On Tuesday I marked Aggressive Buying (green-at-top). The entire Value Area was generated above 2159.50 (6mn poc). ES has to hold this level to maintain a strong price location. Momentum and breadth have improved on the Pulse chart. See Rydex data […]

Stock market today 15th November 2016 – pre-open from Chartprofit On Thursday last week I wrote that the poc of the current distribution (which began in June) had migrated to 2159.50 and this suggeted completion and that a new directional move may well be about to begin. See highlighted comments. Since then price has spent […]

Stock market today 14th November 2016 – pre-open from Chartprofit See previous comments. Friday generated a narrow Value Area just below 2159.50, which is now the 6month poc. I’m looking for a new directional move here so closely watching price relative to that level. Thirty minutes pre-open today ES is printing just above that price.. […]

Stock market today 11th November 2016 – pre-open from Chartprofit See yesterday’s comments. The most important level to monitor now is the newly migrated 6month poc at 2159.50. Thursday’s session generated a higher/overlapping Value Area entirely above that level but thirty minutes pre-open today ES is printing just below that price. I’m looking for a […]