ST: ES (and NQ) are both printing above their 1/2R (now Support) in stronger positions, see previous notes.LT: Important Development: with the overnight price action the major Control has migrated back higher to 5635. Very important that ES holds this level. see note 22nd April.This is frustrating, but that’s the way it works and imo […]

Just prior to RTH open, ES is shying away from the 1/2R at 5533.25 and printed below 5500. Not a positive follow-on to yesterday. A RTH close below 5527.75 (Tuesday’s Buying Day Low) would be first mechanical sign of weakness. read this post on substack E-mini Nas 100 (NQ) chart has still not confirmed any […]

Overnight low has been 5533.25. Bulls are looking for time building above 5533.0 to indicate further strength. read this post on Substack But maybe chart to watch for the next couple of days is E-mini Nasdaq 100 (NQ). As previously pointed out, the level to watch is 19566 (see yesterday’s note) this 1/2R is still […]

Friday’s Buying (green) Day Low was 5480.25 – a RTH close below that level would be first mechanical indication of weakness. read this post on Substack As detailed at the end of last week, the important level to monitor is 5533 (1/2R off high). ES is likely to open RTH above that level – If […]

On Wednesday, the 1mn Control migrated to 5388. Two Value Areas printed above that level now. That’s a positive. But ES tested the Resistance at 5533 yesterday, dashed line on chart, and has not yet overcome it – see note 10th April. Time above that level would be the next positive. Support/Resistance very clear. See […]

ST: the 1mn Control migrated to 5388. Price relative to that level is worth monitoring today. Bulls should look for the major Control at 5244.50 to hold as Support or be recovered quickly on a test – and Mechanically, a RTH close below 5236 (Tuesday’s Buying Day Low) would be an indication of further weakness.

German DAX has held the 1/2R so far. That’s a positive – see updated chart below. DAX is a leader in this rally. Price relative to that level is worth monitoring. below posted 16th April 1/2R for the German DAX is just below 21,000. See chart below. Worth watching. DAX has recovered the 1/2R – […]

As noted yesterday, on Monday the major Control migrated to 5244.5. Tuesday’s Value Area was generated entirely above that level which means for the first time this month ES is in a strong position. Bulls should look for 5244.50 to hold as Support or be recovered quickly on a test. Time below that level would […]

LT Development: The major Control has migrated to 5244.5, see note 4th March on chart. Price relative to that level is important to monitor. Time below the Control would be a negative – weak position.ST Development: Minor Control (1 month) migrated lower to 5302. read this post on substack