emini at critical point – pre-open Thursday 10th November Recap: Key chart IWM held 115.35, its major poc Support and SPY held 209.90, its major poc Support (apart from a test late last week). There was extreme volatility late Tuesday as ES plummeted below 2030 and subsequently rallied all the way back – closing strongly […]

Stock market today 9th November 2016 – pre-open from Chartprofit ES analysis: There was extreme volatility overnight as ES plummeted below 2030 as the election result became clear. However a rally back of more than 4% leaves ES printing back above 2087.00, the major poc. If price prints time (a Value Area for position traders) […]

Stock market today 8th November 2016 – pre-open from Chartprofit ES analysis: The major poc at 2087 has held as Support and Monday’s session generated a higher Value Area up from that level. Aggressive Buying (green-at-top) was marked for the first time in 33 days as ES approaches the First Level Resistance at 2133. In […]

Stock market today 7th November 2016 – pre-open from Chartprofit ES analysis: Please read previous comments on graphic. Friday’s session generated an overlapping/lower Value Area and the major poc at 2087 was tested again but we have not yet seen a Value Area generated entirely below that level. This gives us the possibility that ES […]

Stock market today 3rd November 2016 – pre-open from Chartprofit ES analysis: Please read previous comments on graphic. Little to add to previous comments. Wednesday’s session generated an “inside” Value Area but the major poc at 2087 was tested. Price printing time below that level would be a very weak price location. Key charts IWM […]

Stock market today 2nd November 2016 – pre-open from Chartprofit ES analysis: Please read previous comments on graphic. Tuesday’s session generated a lower, wider Value Area and Aggressive Selling (red-at-bottom) was marked. There is Support at 2087, the major poc. Price below that level would be a very weak price location. Key charts IWM and […]

Stock market today 1st November 2016 – pre-open from Chartprofit ES analysis: Monday’s session generated a narrow “indside” Value Area and the following notes are unchanged from yesterday. Thursday’s session opened, touched 2124.25 (1/2R off Aug high) and immediately sold off, see chart. This is a weak pattern. Friday’s session saw an early, rejected, probe […]