emini analysis 1st June 2017 – pre-open from Chartprofit Dayframe: The minor poc is at 2411.50 and price relative to that level may be a useful guide to ST strength/weakness. Overnight ES has found Support there twice. Bonds and Gold have moved to stronger price locations, Oil has moved weaker. See below. And breadth numbers […]

emini analysis 31st May 2017 – pre-open Dayframe: See yesterday’s highlighted pre-open comments. ES did find Resistance at 2414 on Tuesday. That minor poc has now migrated slightly lower to 2411.50 and price relative to that level may be a useful guide to ST strength/weakness. Pre-open ES prints above that level. In the longer timeframe, […]

emini analysis 30th May 2017 – pre-open from Chartprofit A minor (10 day) poc has emerged at 2414 and is potential Resistance this week. In the longer timeframe, here’s the Support: First Level Support = 2384 (5mn poc) Second Level Support = 2353 (poc) Pulse Chart: Momentum (PriceOsc) remains positive and up. Breadth turned positive […]

emini analysis 26th May 2017 – pre-open from Chartprofit See yesterday’s highlighted comments. Along with SPY, ES reached a new all-time-high on Thursday. The first indication of weakness would be price printing time below 2398, the 11day poc. In the longer timeframe, here’s the Support: First Level Support = 2384 (5mn poc) Second Level Support […]

emini analysis 25th May 2017 – pre-open from Chartprofit Dayframe: I’ve extended the poc lines of the last three sessions to the right. You can see the low of following sessions came in at these level. These being first available Support on the daily timeframe and indicates an uptrend. The first indication of weakness that […]

emini analysis 24th May 2017 – pre-open from Chartprofit I calculate the pocs on various timeframes. Using a five minute sampling I noticed that the 5mn poc had migrated to 2384. This happened pre-open on Monday. I’m using this as a valid Support level. As long ES holds above this level it is in a […]

emini analysis 23rd May 2017 – pre-open from Chartprofit On Monday I marked Aggressive Buying, see Friday’s highlighted comments. Daily breadth on the Pulse Chart is still negative and momentum (PriceOsc) although positive, is still heading lower. Bulls would want to see both improve. Sentiment is interesting, see below. First Level Support = 2353 (4mn […]

emini analysis 22nd May 2017 – pre-open from Chartprofit Last week the 4mn poc migrated to 2353, see Friday’s highlighted comments. Time printed below this would be an indication of weakness – Significant Buying (green) marked above 2353 would be the first sign of strength. Daily breadth on the Pulse Chart is still negative and […]

emini analysis 19th May 2017 – pre-open from Chartprofit As noted yesterday ES had tested the 3month VAL at 2347 before the open. During the session ES rallied a little and enough time was spent at 2353 to migrate the 4month poc to that level. This gives us a close level of Time Support which […]

emini analysis 18th May 2017 – pre-open from Chartprofit ES opened Wednesday’s session below 2385 (which “was” the 1month poc), see Monday’s highlighted comments. Pre-open yesterday enough time was spent at 2385 to migrate the 3month poc to that level. I have previously noted that the minor distribution “looks complete and I’m assuming a new […]