Chartprofit pre-open Stock market report 18th July 2016 ES (emini S&P 500 future) generated a lower/overlapping Value Area on Friday. Every day last week the intraday bias numbers indicated that Sellers were most active and yet their activity so far has been ineffective in the ST. See Friday’s, highlighted, comments on the graphic. Until Significant, […]

Pre-open Stock Market Report Friday 15th July 2016 In Thursday’s Stock Market Report I wrote that “we should continue to assume that the Buyers are in control”. This is because there is currently no indication of Effective Selling activity on any timeframe. On days when Aggressive Buying (green-at-top) is marked, the intraday bias numbers are […]

emini analysis market pre-open 14th July 2016 – Chartprofit SPY and DIA have printed new all-time highs this week Intraday Sellers were active on Wednesday, see highlighted numbers, but their activity was Ineffective in the longer timeframe as the session generated an overlapping Value Area. In the LT there is no mark-able sign of the […]

SPY reached a new all time high as did DIA. On Tuesday SPY and DIA both printed a new all time high. I wrote pre-open last Thursday that Buyers “are in control and have the upper hand”. Since then ES has auctioned higher but we still see no mark-able sign of the (Significant) Sellers. Breadth […]

emini analysis 12th July from Chartprofit. Aggressive Buying (green-at-top) was marked again on Friday as ES auctioned to a new high for the rally since February. Pre-open today ES has printed above 2140. Breadth improved again, see below, and Momentum (PriuceOsc) on the SPY chart has just turned positive, see Pulse Chart. First Level Support […]

Chartprofit Stock market report pre-open Monday 11th July See previous, highlighted, comments. I wrote pre-open on Friday “ES has been ranging around 2087 for five days. Significant Sellers will often React at these points but have not done so yet. Unless Selling (red) is marked soon Buyers will look for them higher”. Aggressive Buying (green-at-top) […]

emini analysis Friday 8th July In yesterday’s emini analysis I wrote “Price moving into these long-term levels of Value will often slow and find the area of price attractive”. ES has been ranging around 2087 for five days. Significant Sellers will often React at these points but have not done so yet. Unless Selling (red) […]

The emini S&P 500 reached the 2087 major poc area of Resistance and has stalled. Price moving into these long-term levels of Value will often slow and find the area of price attractive. Even so, price relative to 2087 can be used a guide to strength/weakness. If Significant Buying (green) is marked above that point […]

emini report Wednesday 6th July In last Thursday’s emini report I wrote that “The Resistance on this chart is now the major poc at 2087”. You can see on the chart that Friday’s (narrow) Value Area was printed above 2087  but this level has not been held this week. We could therefore be looking at […]

S&P 500 emini analysis pre-open 5th July 2016 emini S&P 500 made a strong recovery last week and finished on Friday printing above 2087.00, the major poc. Two hours pre-open today ES is printing exactly at that level. If price can print some time above this poc early this week it would be in a […]