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Can the emini hold 2087

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The emini S&P 500 reached the 2087 major poc area of Resistance and has stalled. Price moving into these long-term levels of Value will often slow and find the area of price attractive. Even so, price relative to 2087 can be used a guide to strength/weakness. If Significant Buying (green) is marked above that point […]

emini report 6th July 2016

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emini report Wednesday 6th July In last Thursday’s emini report I wrote that “The Resistance on this chart is now the major poc at 2087”. You can see on the chart that Friday’s (narrow) Value Area was printed above 2087  but this level has not been held this week. We could therefore be looking at […]

emini analysis 5th July 2016

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S&P 500 emini analysis pre-open 5th July 2016 emini S&P 500 made a strong recovery last week and finished on Friday printing above 2087.00, the major poc. Two hours pre-open today ES is printing exactly at that level. If price can print some time above this poc early this week it would be in a […]

emini analysis 1st July pre-open

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Chartprofit emini analysis 1st July 2016 pre-open Latest emini analysis shows three days of Aggressive (green-at-top) Effective Buying, i.e. higher Value Areas with Wednesday and Thursday’s VAs printed entirely above the 2041 poc. ES reached the major Resistance at 2087 yesterday, see previous comments, and one hour pre-open today is printing slightly above that price. […]

emini report pre-open Thursday 30th June

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emini report – S&P emini overcomes first level Resistance and climbs again Wednesday’s session generated another higher Value Area, this time printed entirely above the 2041 poc. Aggressive Buying (green-at-top) was marked again. The Resistance on this chart is now the major poc at 2087. Breadth numbers improved again but not yet supportive, see below. […]

Rejected test below value for emini S&P

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The emini S&P 500 briefly printed below its Value Area low on Monday. This test below value was rejected and ES auctioned swiftly back to the controlling price of the distribution at 2041. Today it is printing above this level in a stronger price location.  Price action like this suggests that the distribution which began […]

Stock market today – 29th June Market pre-open

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Stock market today – 29th June Market pre-open Tuesday’s session generated a higher Value Area and Aggressive Buying was marked. Pre-open today ES has rallied further to test the 2041 poc. I will not consider the long side unless Significant Buying is marked above this level. First Level Support/Resistance = 2041.00 (poc) Stocks>50dyma numbers: Nyse […]

Stock market report pre-open 28th June 2016

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Pre-open Stock market report 28th June 2016 ES was lower again on Monday. Pre-open today ES has rallied back above 2010 but I will not consider the long side unless Significant Buying is marked above 2041. First Level Resistance = 2041.00 (poc) Stocks>50dyma numbers: Nyse 24% (from 37%), Nasdaq 23% (from 37%), R2000 26% (from […]

Risk assets sell off again – market pre-open 27th June 2016

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Risk assets sold off sharply on Friday and again today. Pre-open ES prints close to the 2000 level. At current levels I will not consider the long side unless Significant Buying is marked above 2041. Breadth numbers deteriorated sharply, see below. First Level Resistance = 2041.00 (poc) Market Charts: Nyse and R2000 stayed positive. Nasdaq […]