Stock market today 17th November 2016 – pre-open from Chartprofit. Please read previous comments. Following Tuesday’s Agressive Buying, Wednesday generated a very narrow, “inside” Value Area but like Tuesday’s it was printed entirely above 2159.50. ES has to hold this level to maintain a strong price location. Momentum and breadth have improved on the Pulse […]

Stock market today 16th November 2016 – pre-open from Chartprofit Please read previous comments. On Tuesday I marked Aggressive Buying (green-at-top). The entire Value Area was generated above 2159.50 (6mn poc). ES has to hold this level to maintain a strong price location. Momentum and breadth have improved on the Pulse chart. See Rydex data […]

Stock market today 15th November 2016 – pre-open from Chartprofit On Thursday last week I wrote that the poc of the current distribution (which began in June) had migrated to 2159.50 and this suggeted completion and that a new directional move may well be about to begin. See highlighted comments. Since then price has spent […]

Stock market today 14th November 2016 – pre-open from Chartprofit See previous comments. Friday generated a narrow Value Area just below 2159.50, which is now the 6month poc. I’m looking for a new directional move here so closely watching price relative to that level. Thirty minutes pre-open today ES is printing just above that price.. […]

Stock market today 11th November 2016 – pre-open from Chartprofit See yesterday’s comments. The most important level to monitor now is the newly migrated 6month poc at 2159.50. Thursday’s session generated a higher/overlapping Value Area entirely above that level but thirty minutes pre-open today ES is printing just below that price. I’m looking for a […]

emini at critical point – pre-open Thursday 10th November Recap: Key chart IWM held 115.35, its major poc Support and SPY held 209.90, its major poc Support (apart from a test late last week). There was extreme volatility late Tuesday as ES plummeted below 2030 and subsequently rallied all the way back – closing strongly […]

Stock market today 9th November 2016 – pre-open from Chartprofit ES analysis: There was extreme volatility overnight as ES plummeted below 2030 as the election result became clear. However a rally back of more than 4% leaves ES printing back above 2087.00, the major poc. If price prints time (a Value Area for position traders) […]

Stock market today 8th November 2016 – pre-open from Chartprofit ES analysis: The major poc at 2087 has held as Support and Monday’s session generated a higher Value Area up from that level. Aggressive Buying (green-at-top) was marked for the first time in 33 days as ES approaches the First Level Resistance at 2133. In […]

Stock market today 7th November 2016 – pre-open from Chartprofit ES analysis: Please read previous comments on graphic. Friday’s session generated an overlapping/lower Value Area and the major poc at 2087 was tested again but we have not yet seen a Value Area generated entirely below that level. This gives us the possibility that ES […]