chartprofit.com

Daily analysis - Stock Market, Bonds, Forex and more

Technical Analysis – Market pre-open 10th September 2015

Posted on Written by

Technical Analysis – Market pre-open 10th September 2015 See previous, highlighted, comments on graphic. On Wednesday, ES opened above the 1978.50 1/2R Resistance but price was rejecetd above this level and sold-off to close just above the minor Support at 1933.00, which has been probed pre-open today. Time printed below 1933.00 is weaker location and […]

Technical analysis – Market pre-open 8th September 2015

Posted on Written by

Technical analysis – Market pre-open 8th September 2015 There is significant Resistance on the Stock Index charts, see below, which may come into play this week if market rallies. Volatility remains high and pre-open today ES is higher and has retraced all of Friday’s decline. Breadth and price momentum still need to improve to be […]

Technical analysis S&P 500 emini pre-open 4th September

Posted on Written by

Technical analysis S&P 500 emini pre-open 4th September Dayframe: Early in Thursday’s session there was a push higher towards the Resistance (1977/78) but this failed and overnight ES sold back to the minor (20dy poc) at 2032.00. Pre-open ES has printed as low as 1910.50, which was a probe below the 1/2R off August low […]

Technical analysis S&P 500 emini pre-open 3rd September

Posted on Written by

Technical analysis S&P 500 emini pre-open 3rd September A Significant Selling day (red) immediately followed by a Signicant Buying day (green) is rare but this is a volatile market. As I wrote yesterday “If ES prints above 1939.50, yesterday’s high, it will negate that selling imbalance”. Pre-open ES has probed as high as 1968.75. The […]

Technical analysis S&P 500 emini pre-open 2nd September

Posted on Written by

Technical analysis S&P 500 emini pre-open 2nd September See yesterday’s highlighted comments. On Tuesday I marked Aggressive Selling but this was on a gap-down day which makes any negative implications less reliable. If ES prints above 1939.50, yesterday’s high, it will negate that selling imbalance. Breadth and price momentum are not yet encouraging but yesterday’s […]

Technical analysis S&P 500 emini pre-open 1st September

Posted on Written by

Technical analysis S&P 500 emini pre-open 1st September See yesterday’s highlighted comments. ES (and SPY) reached their 1/2R levels off this year’s high and have found Resistance at those levels. Pre-open today ES has sold off violently. As I wrote, in a weak market the 1/2R off the high will often mark the high of […]

Technical Analysis S&P 500 emini pre-open 31st August

Posted on Written by

Technical Analysis S&P 500 emini pre-open 31st August Large caps (SPY/ES) have been out-performing Small-caps and have reached their 1/2R levels off this year’s high – see dashed line. Price printing time above this level would be a sign of strength and Significant Buying marked above would be a positive and indicate higher. The 1/2R […]

Technical analysis S&P 500 emini pre-open 28th August 2015

Posted on Written by

Technical analysis S&P 500 emini pre-open 28th August 2015 Large caps (SPY/ES) are out-performing Small-caps and have reached their 1/2R levels off this year’s high – see dashed line. Pre-open ES prints just below this level. Price printing time above these levels would be a sign of strength and Significant Buying marked above would be […]

Technical analysis S&P 500 emini pre-open 27th August

Posted on Written by

Technical analysis S&P 500 emini pre-open 27th August Wednesday’s session generated an overlapping/lower Value Area but ES held the 1870 Support and rallied strongly late in day. Pre-open has printed above 1960. First ST positives would be Significant Buying marked above 1870 and a higher, wider VA. Resistance = 2095.00 (maj poc) Support = 1870.00 […]