Stock market today 9th January 2017 – pre-open from Chartprofit On Friday an early test of 2259, the 3month poc, was rejected and ES auctioned higher to close strong for the week. Price relative to this level is important to monitor. Significant Buying marked above 2259 would be a positive as would Momentum (PriceOsc) on […]

emini analysis 6th January 2017 – pre-open from Chartprofit The 3month poc at 2259 continued to attract time on Thursday and may continue to do so. Price relative to this level is important to monitor. Significant Buying marked above 2259 would be a positive as would Momentum (PriceOsc) on the SPY chart turning higher. This […]

emini analysis 5th January 2016 – pre-open from Chartprofit The 3month poc at 2259 was probed and rejected on Tuesday but Wednesday’s Value Area was printed entirely above that level. This level could be Support or Resistance during today’s session and pre-open today it has been tested, but not broken. Bulls would want to see […]

emini analysis 4th January 2017 – pre-open from Chartprofit See yesterday’s highlighted comments. First Level Resistance at 2259 came into play during Tuesday’s session. An early probe into that poc was rejected and ES sold off, but recovered, see chart. Pre-open today ES is printing close to that level again. This level could be Support […]

emini analysis 3rd January 2017 – pre-open from Chartprofit ES closed on Friday near the low of the week and below Wednesday’s low. This was a week where Sellers were Active but I have classified the Selling as Ineffective because the weekly Value Area was overlapping the previous week’s VA, see eBook. Since pre-open Thursday […]

emini analysis 30th December 2016 – pre-open from Chartprofit Wednesday’s price action was negative. I marked Aggressive Selling (red-at-bottom) below 2259 (3mn poc) and the Value Area was generated entirely below that level. That red-at-bottom low was tested in Thursday’s session and an overlapping/lower Value Area was generated on low volume. 2259 is now First […]

emini analysis 29th December 2016 – pre-open from Chartprofit All the price action over the last nine days has taken place within the range of Wednesday 12/14. Yesterday’s price action was negative. I marked Aggressive Selling (red-at-bottom) below 2259 (3mn poc) and the Value Area was generated entirely below that level. Since pre-open Thursday 15th […]

emini analysis 28th December 2016 – pre-open from Chartprofit Dayframe: All the price action over the last eight days has taken place within the range of Wednesday 12/14. The 3month poc is now at 2259 and price above that level is strong location. On the Pulse Chart there is a clear negative divergence on the […]

emini analysis 23rd December 2016 – pre-open from Chartprofit Dayframe: All the price action over the last six days has taken place within last Wednesday’s range, see Monday’s comments. On Thursday there was a rejected test of 2259 (minor poc) at the open, see yesterday’s comments. The Value Area was generated entirely below that level. […]