emini analysis 10th August 2016 – pre-open Chartprofit Tuesday’s session generated a higher / overlapping Value Area and a new high for ES. The 2month poc is at 2160.50 and ES needs to hold this level to maintain a strong price location. Significant Buying (green) marked above that poc would be a further positive. Dayframe: […]

emini analysis 8th August 2016 – pre-open from Chartprofit Friday’s session generated a higher Value Area and a new high for ES. The 2month poc is at 2160.50 and ES needs to hold this level to maintain a strong price location in the ST. Significant Buying (green) marked above that poc would be a positive. […]

emini analysis 5th August 2016 – pre-open from Chartprofit Thursday’s session generated another higher, narrower Value Area. The 2month poc has migrated slightly – back to 2160.50. Significant Buying (green) marked above that poc would be a positive. Price relative to that level should be a good guide to ST strength/weakness. Pre-open today and following […]

emini analysis 4th August 2016 – pre-open from Chartprofit Wednesday’s session generated a higher, narrower Value Area. All price action took place within the range of Tuesday’s range, i.e. an inside day. Overnight the 2month poc migrated slightly to 2158.50. Price relative to that level should be a good guide to ST strength/weakness. Significant Buying […]

emini analysis 3rd August 2016 pre-open from Chartprofit Early in Tuesday’s session ES rejected price above the 2mn poc (2160.50) and sold off. The entire Value Area was printed below that level and this puts the chart in a ST weak price location. As long as chart hold the Major poc at 2087 it is […]

Stock market report 1st August 2016 – pre-open from Chartprofit ES analysis: From mid-July ES ranged for eleven days between 2150 and 2170. Monday through Thursday last week almost all price action took place above 2156, the minor poc. On Friday that poc (now 2month) migrated to 2160 and ES needs to hold that level […]

Stock market report pre-open 25th July 2016 Chartprofit Friday’s session generated another Value Area above the minor poc at 2156, see Friday’s highlighted comments. Momentum and Breadth are positive and as long as ES holds above 2156 it is in a strong price location. The market looks stretched now and time printed below 2156 would […]

Chartprofit emini analysis pre-open Friday 22nd July On Thursday I marked Significant Selling (red) for the first time in eighteen days. This is not Effective Selling because the Value Area was generated above the minor poc at 2056. Buyers have auctioned ES higher looking for Sellers and have now seen that (so far) their activity […]