emini analysis 29th March 2017 – pre-open from Chartprofit Intraday Buyers were active on Tuesday, see intraday numbers, and a higher Value Area was generated. This was Effective intraday Buying, see yesterday’s comments. ES opened below 2340.5, the minor poc, but quickly auctioned above it. The Value Area was generated entirely above that level which […]

emini analysis 28th March 2017 – pre-open from Chartprofit Monday’s session generated a lower Value Area. However this attracted some buying, see intraday numbers, and ES closed the session towards the high. What I have just described is an Ineffective Buying Day – intraday buyers active but lower Value Area. If Buyers are going to […]

emini analysis 27th March 2017 – pre-open from Chartprofit Friday’s session generated another overlapping Value Area. Wednesday through Friday there was an unimpressive retracement of Tuesday’s sharp decline. With ES printing below 2367, the 2month poc, it is in a weak price location and Sellers look to be in control of the dayframe. Unfortunately the […]

emini analysis 24th March 2017 – pre-open from Chartprofit Thursday’s session generated an overlapping/higher Value Area. However ES closed towards the low of the session and the rally early in the session did not retrace much of Tuesday’s Effective Selling day. With ES printing below 2367, the 2month poc, ES is in a weak price […]

emini analysis 23rd March 2017 – pre-open from Chartprofit Tuesday’s red-at-bottom low was tested on Wednesday and an overlapping/lower Value Area was generated. If the 2month poc remains at 2367 and ES is printing below that level it is in a weak price location. There is no useful, local Support level. Breadth and price momentum […]

emini analysis 22nd March 2017 – pre-open from Chartprofit Reactive Selling (red-at-top) and Aggressive Selling (red-at-bottom) were both marked on Tuesday. An early probe above 2378.50, the minor poc was rejected and ES immediately sold-off. Tuesday’s Value Area was generated entirely below 2367 (now First Level Resistance) – this was Effective Selling. Not a good […]

emini analysis 21st March 2017 – pre-open from Chartprofit Monday generated a third Value Area inside the range of last Wednesday’s session. The First Level Support at 2367 was tested but held. As long as ES holds above 2367 it is in a strong price location. Thirty minutes pre-open ES prints above that level. First […]

emini analysis 20th March 2017 – pre-open from Chartprofit Friday generated a second Value Area inside the range of Wednesday’s session. Wednesday’s green-at-top has not yet been tested – they usually are (80% of the time) within a day, or two. As long as ES holds above 2367 it is in a strong price location. […]