ChartProfit Chart Book – week ending 20th August 2021

I’ve been writing that “First sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control”. That was a possibility yesterday but didn’t happen. Significant Selling (red) was marked for the first time in 42 days on Wednesday, but this took place above 4391.50; red below that level […]

I’ve been writing that “First sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control”. That is a possibility today with ES printing below 4360 pre-open. Significant Selling (red) was marked for the first time in 42 days yesterday, but this took place above 4391.50; red below […]

First sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. Significant Sellers (red) have not been marked for 41 days. Tuesday’s RTH found Resistance at 4453.50, the 6dy control, see yesterday’s highlighted comments. The minor control has now migrated lower to 4440.0 and price relative to […]

First sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. Significant Sellers (red) have not been marked for 40 days. Aggressive Buying (green) was marked on Thursday. A RTH close below the low of that Buying Day, 4430.0 (dashed), would be an indication of weakness in […]

First sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. Significant Sellers (red) have not been marked for 39 days. Aggressive Buying (green) was marked on Thursday. A RTH close below the low of that Buying Day, 4430.0 (dashed), would be an indication of weakness in […]

ChartProfit Chart Book – week ending 13th August 2021

08/04 RTH found Support at 4391.50 (the 2mn controlling price). Value Areas since then have been generated above that level – I’ve been writing that that’s an indication of strength. First sign of weakness in the LT would be a Value Area printed entirely below 4391.50. Significant Sellers (red) have not been marked for 38 […]

08/04 RTH found Support at 4391.50 (the 2mn controlling price). Value Areas since then have been generated above that level – an indication of strength. First sign of weakness in the LT would be a Value Area printed entirely below 4391.50. Significant Sellers (red) have not been marked for 37 days. Sentiment: On Friday 30th […]

Last Wednesday’s RTH found Support at 4391.50 (the 2mn controlling price). Value Areas since then have been generated above that level which is an indication of strength. First sign of weakness would be a Value Area printed entirely below 4391.50. Significant Sellers (red) have not been marked for 36 days. Sentiment: On Friday 30th July, […]