Stock market today 24th October 2016 – pre-open from Chartprofit ES analysis: There is a lack of directional commitment right now with no Significant Buying or Selling (green/red) being marked for twenty days. The 1/2R off Aug high at 2142.50 rejected two probes recently, see chart, but pre-open today ES is again probing this level. […]

Stock market today 21st October 2016 – pre-open from Chartprofit ES analysis: There is a lack of directional commitment right now with no Significant Buying or Selling (green/red) being marked for nineteen days. However, the 1/2R off Aug high at 2142.50 has been a problem again this week, see chart, and unless ES can print […]

Stock market today 20th October 2016 – pre-open from Chartprofit ES analysis: ES responded well to our levels on Wednesday. The session low came in at the minor (10day) poc and the high at our First Level Resistance, see previous comments. I have not yet marked Significant Selling but at current levels I am not […]

Stock market today 19th October 2016 – pre-open from Chartprofit ES analysis: Early in Friday’s session there was a rejected probe of 2142.25, our First Level Resistance and ES has yet to print back above that level so it remains in a weak price location. I have not yet marked Significant Selling but at current […]

Stock market today 18th October 2016 – pre-open from Chartprofit ES analysis: Early in Friday’s session there was a rejected probe of 2142.25, our First Level Resistance. ES printed a lower on Monday but overnight has rallied above Monday’s session high to print as high as 2139.75. I have yet to mark Significant Selling, see […]

Stock market today 17th October 2016 – pre-open from Chartprofit ES analysis: Early in Friday’s session there was a brief, rejected probe of 2142.25, our First Level Resistance. I have yet to mark Significant Selling, see previous comments, but ES remains in a weak price location. Momentum (PriceOsc) for SPY and IWM is now negative […]

Stock market today 14th October 2016 ES analysis: Wednesday’s session opened lower, found some buying and rallied. A lower, wider Value Area was generated and ES remains in a weak price location below Resistance, see levels below. I have yet to mark Significant Selling, see previous comments. Momentum (PriceOsc) for SPY and IWM has just […]

Stock market today 13th October 2016 – pre-open from Chartprofit ES analysis: Tueday’s session opened just below the 1 month poc at 2154.00 and immediately sold off. Wednesday’s session generated a narrow, “inside” Value Area and overnight ES has printed as low as 2113.50. Although I have yet to mark Significant Selling, see previous comments, […]