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Market breadth deteriorates

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Market breadth deteriorates – Market pre-open Report Wednesday 14th September 2016 ES analysis: See Monday’s comments. ES recovered some ground on Monday but Tuesday’s session generated a lower Value Area with most time spent around the 2120 level. Breadth deteriorated, see below and Pulse Chart. Note that we are now following the December contract and […]

Stock market 13th September 2016

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Stock market 13th September 2016 – pre-open from Chartprofit ES analysis: See Monday’s comments on chart. Friday’s red-at-bottom low was tested on Monday but ES recovered and auctioned higher, retracing some of Friday’s decline. Note that we are now following the December contract and the 1/2R off the August high for this contract is 2142.25 […]

Market Report 12th September 2016

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Market Report 12th September 2016 – pre-open from Chartprofit ES analysis: We’ve seen a long period of low volatility in the market and this was broken with Friday’s sharp sell-off. The session opened well below 2180.50, the 4mn poc (see Friday’s pre-open comments) and immediately sold off. Aggressive Selling was marked and with a lower, […]

emini analysis 9th September 2016

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emini analysis 9th September 2016 – pre-open from Chartprofit ES analysis: Thursday’s session generated a narrow Value Area centred around 2180.50, the 4mn poc. The poc migrated to this level on Tuesday and price relative to this poc should be monitored as a guide to ST strength. Effective Buying/Selling above/below this price could well mark […]

Small caps at 12 month high

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Small caps at 12 month high – IWM reaches highest level since since 17th July last year. Market recovered from early weakness yesterday with Small caps as represented by the Russell 2000 reaching a new twelve month high. ES analysis: Wednesday’s session exceeded Tuesday’s green-at-top high (80% reliability). Following an early sell-off ES recovered and […]

emini SP500 7th September 2016

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emini SP500 7th September 2016 – pre-open from Chartprofit ES analysis: Strictly applying my rules I marked Aggressive Buying (green-at-top) for the first time in two months. As suspected the 4mn poc migrated higher 2180.50, see yesterday’s comments. Price relative to this level should be monitored as a guide to ST strength and time below […]

Stock market pre-open 2nd September 2016

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Stock market pre-open 2nd September 2016 – from Chartprofit Stock market pre-open 2nd September ES analysis: Early in Thursday’s session ES sold down to test the 4mn poc at 2158.50. As per the previous Friday this test was rejected and ES rallied back. Later in the day enough time was spent at 2167.00 to lift […]