I wrote on Monday that the ‘5867.5 Control is now Support and it would be a positive to see that hold at the start of this week. If it can I would be targeting 6080‘. The Support came into play overnight on Monday and again during Tuesday’s RTH where the low was 5868.25. read this […]

You can see on the chart Monday’s shortened RTH and the overnight price action. I wrote yesterday that ‘5867.5 Control is now Support and it would be a positive to see that hold at the start of this week‘. Overnight you can see that Support came into play and is now proven. That means price […]

There were ST indications of weakness on Wednesday – see Thursday’s note on chart, and Thursday and Friday continued lower. read this post on Substack and sign up for free newsletter In Friday’s note I wrote ‘The 15day Control migrated lower to 5867.5. Bulls would want to see that level recovered asap‘. Overnight that has […]

ST price action changed on Wednesday. See Thursday’s note – I wrote ‘Wednesday’s RTH close was below the Buying Day Lows of 16th and 15th. This is the first mechanical sign of weakness in a month‘. Yesterday (Thursday) ES consolidated near Wednesday’s low in a tight range, that’s not positive. ES has declined further overnight […]

Tuesday’s RTH close was below the Buying Day Lows of 16th and 15th. This is the first mechanical sign of weakness in a month. Also ES printed time below the 3wk Control at 5908.5, see yesterday’s note. And Significant Buying (red) was marked. read this post on Substack and sign-up for the free newsletter The […]

I wrote yesterday ‘price relative to 5968.5 (v min Control) is worth monitoring – above/below = strong/weak.’ read this post on Substack That level proved to be Resistance during the session and ES has declined overnight. There is 3wk Support at 5908.5 and that has been tested. Price printing time below that Support would be […]

I wrote yesterday ‘First sign of mechanical weakness would be a RTH close below 5924.75 (dashed line), Friday’s Buying Day Low‘. ES recovered strongly from a weak Open. I also wrote ‘Otherwise I stay positive, even ST‘. ES recovered strongly from a weak Open on Monday.read this post on Substack and sign up for free […]

Significant Buying (green) marked again on Friday which means first sign of mechanical weakness would be a RTH close below 5924.75 (dashed line), the Buying Day Low. Potentially that could happen today as ES has printed below 5900 overnight. Otherwise I stay postive, even ST. No Effective Selling seen since 16th April and Buyers have […]

From yesterday’s note “Bulls would hope that more time could be printed back above 5900“. That what we saw. Significant Buying (green) was marked which means the first sign of mechanical weakness would be a RTH close below 5884.5 (dashed line on chart), the Buying Day Low. read this post on Substack and sign up […]

Updating the post Relative Strength Index diverging on Weekly Charts published 1st October. Updated chart below. The first ‘divergent’ lower high on the oscillators was in the middle of 2024 and preceded a mild sell-off. You had to wait more than 6 months for the ‘big one’ and would have missed the rally in that […]