Stock market today 4th October 2016 – pre-open from Chartprofit ES analysis: Last week ES tested and held 2135 which at the time was First Level Support. That minor poc has now moved to 2141.5 which is close to 2142.50, the 1/2R off August high. Monday’s Value Area was lower and narrower but printed entirely […]

Stock market today 3rd October – pre-open from Chartprofit ES analysis: Last week ES tested and held 2135 which at the time was First Level Support. That minor poc has now moved to 2141.5 which is close to 2142.50, the 1/2R off August high. First Level Support = 2141.50 = 1 month poc Major poc […]

Stock market today 30th September 2016 – pre-open from Chartprofit ES analysis: Thursday’s session generated another overlapping Value Area. Overnight ES has printed as low as 2135.75 again approaching First Level Support but as long as chart holds above 2135.00 it is in a strong price location. First Level Support = 2135.00 = minor (17day) […]

Stock market today 29th September 2016 – pre-open from Chartprofit ES analysis: Wednesday’s session generated an overlapping Value Area but ES closed strong. As long as chart holds above 2135.00 it is in a strong price location and Aggressive Buying marked above that level would be a big positive. First Level Support = 2135.00 = […]

Stock market today 28th September 2016 – pre-open from Chartprofit ES analysis: Tuesday’s session saw an early test of 2135.00 (First Level poc Support) which was immediately rejected, see chart. Reactive Buying (green-at-bottom) was marked and a higher Value Area was generated. This level is now proven Support which indicates that time printed below 2135 […]

Stock market today 27th September 2016 – pre-open from Chartprofit ES analysis: Monday’s session generated a lower Value Area but entirely above 2135.00 (minor poc), see Thursday’s highlighted comments. Overnight there was a brief test of 2135 and then a rally back above 2150 which has faded. Two hours pre-open ES prints just above 2140. […]

Market Report 26th September 2016 – Pre-open from Chartprofit ES analysis: Friday’s session generated a lower Value Area and strictly applying my rules I had to mark Aggressive Selling (red-at-bottom). In the longer timeframe this is Reactive Selling because it took place above 2135.00, the minor (13day) poc. Significant Selling (red) marked below that level […]

Stock market today 23rd September 2016 See yesterday’s highlighted comments. ES analysis: Following Wednesday’s break above the 1/2R Resistance, the green-at-top high was exceeded on Thursday, with the session generating a higher, narrower Value Area. The Pulse Chart: Momentum (PriceOsc) is ticking up (although still negative) – same for IWM and DIA. Breadth on the […]

Stock market today 22nd September 2016 ES analysis: Wednesday was a constructive day. Early in the session another probe above 2142.25, the 1/2R off the August high, was rejected and ES sold down to test the 2135 minor (12day) poc. This was also rejected and ES subsequently auctioned higher to break above the 1/2R level […]

Stock market today 21st September 2016 – pre-open from Chartprofit ES analysis: For the December ES contract, the 1/2R off the August high comes in at 2142.25. ES again probed this level in Tuesday’s session as it did in Monday’s and Thursday’s, see chart. Price printing time above this level would be a positive. Overnight […]