emini S&P back at the April high The emini S%P 500 future is today printing close to the high it set in April which was the high of the rally off the February low. emini analysis: Last week Significant Buying was marked twice. Significant Selling has not been marked for twelve days. Although Buyers have […]

IWM, the Russell 2000 ETF closed above 115.35, its major poc which puts this key chart in a much stronger position. Key Charts: IWM closed above 115.35 (maj poc). emini analysis: Early in Thursday’s session ES briefly tested 2089, the 10day poc (dashed), see yesterday’s comments. This was rejected and there was a strong auction […]

Stock market report pre-open 2nd June 2016 Chartprofit Wednesday generated another overlapping Value Area with a low. ES is currently in a strong price location and this higher range, 2085-2095 has not yet attracted Significant Selling (which has not been marked for ten days). Dayframe: The v minor poc (10day) poc has moved to 2089.00. […]

Stock market report pre-open 1st June 2016 Chartprofit Please read yesterday’s highlighted comments – these are still valid. Tuesday generated an overlapping, “outside” Value Area with a low at 2086 which was previously a 3 month poc. ES is currently in a strong price location and this higher range, 2085-2095 has not yet attracted Significant […]

Buyers were active in the S&P 500 emini futures last week auctioning the chart back towards the April high. At the start of last week S&P 500 emini futures (ES) found Support at the 2041 poc and rallied from there, closing at a level above the high of the previous four weeks. I marked Significant […]

The S&P 500 ETF, SPY, is probing 209.90 once again. Key Resistance for the S&P 500 ETF, SPY was 209.90 until early this week.  Until then, this level was the major controlling price for the chart but earlier in the week the controlling price migrated lower to 205.40 which reduced the significance of the 209.90 Resistance. […]

Key Chart Support levels have held for ES, SPY and QQQ with a Key Chart Resistance level a little higher for IWM. For the first three weeks in May ES ranged but held the 2041 poc apart from the test last Friday. Following that rejected test, this week the intraday low came in at 2041.25 […]

Overnight the S&P 500 e-mini printed as low as 2041.25, found Support and auctioned higher and as of ninety minutes pre-open has printed as high as 2053.  As I keep writing, 2041 is the important level and Bulls would want to see that level hold. Price above 2063.50, the minor 1/2R, would put ES in a […]

emini S&P 500 Technical analysis – Stock market pre-open 23rd May 2016 Most important is price relative to the poc at 2041. On Thursday a Value Area was generated below 2041 but Friday’s VA was above that level. Obviously we would rather see price moving higher after that test but ES may oscillate around that […]