Stock market today 3rd November 2016 – pre-open from Chartprofit ES analysis: Please read previous comments on graphic. Little to add to previous comments. Wednesday’s session generated an “inside” Value Area but the major poc at 2087 was tested. Price printing time below that level would be a very weak price location. Key charts IWM […]

Stock market today 2nd November 2016 – pre-open from Chartprofit ES analysis: Please read previous comments on graphic. Tuesday’s session generated a lower, wider Value Area and Aggressive Selling (red-at-bottom) was marked. There is Support at 2087, the major poc. Price below that level would be a very weak price location. Key charts IWM and […]

Stock market today 1st November 2016 – pre-open from Chartprofit ES analysis: Monday’s session generated a narrow “indside” Value Area and the following notes are unchanged from yesterday. Thursday’s session opened, touched 2124.25 (1/2R off Aug high) and immediately sold off, see chart. This is a weak pattern. Friday’s session saw an early, rejected, probe […]

Stock market today 31st October 2016 – pre-open from Chartprofit ES analysis: See previous comments. Thursday’s session opened, touched 2124.25 (1/2R off Aug high) and immediately sold off, see chart. This is a weak pattern. Friday’s session saw an early, rejected, probe above 2133 (2month poc). So price action on Thursday and Friday relative to […]

Stock market today 28th October 2016 – pre-open from Chartprofit ES analysis: See previous comments. Wednesday’s session opened, touched 2124.25 (1/2R off Aug high) and immediately sold off, see chart. This is a weak pattern. An overlapping Value Area was generated with most time spent close to 2133 once again. Price relative to this level […]

Stock market today 27th October 2016 – pre-open from Chartprofit ES analysis: See previous comments. Tuesday’s session opened lower and recovered, generating a lower Value Area centred around 2133.00, the current 2mn poc. It’s been 23 days since I last marked Significant Buying or Selling which indicates a lack of directional commitment and ranging activity. […]

Stock market today 26th October 2016 – pre-open from Chartprofit ES analysis: Mondays’ Value Area was higher but narrower on low volume which is not normally ST positive. That’s why I wanted to see if Tuesday could also hold above 2142.50 before I made assumptions about strength, even minor, see yesterday’s highlighted comments. Tuesday’s session […]

Stock market today 25th October 2016 – pre-open from Chartprofit ES analysis: see previous, highlighted, comments. Monday’s session generated a Value Area entirely above the 2142.50 Resistance. If ES can hold above this level today as well it will be the first minor sign of strength. Sighnificant Buying (green) marked above this level would be […]