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 35 days. Sentiment: On Friday 30th July, […]

Wednesday’s RTH found Support at 4391.50 (the 2mn controlling price). Value Areas from there have been higher. First sign of weakness would be a Value Area printed entirely below 4391.50. Significant Sellers (red) have not been marked for 34 days. Sentiment: On Friday 30th July, my version of the Rydex Assets Ratio reached 38.57, the […]

ChartProfit Chart Book – week ending 6th August 2021

Wednesday’s RTH found Support at 4391.50 (the 2mn controlling price). Thursday’s Value Area was higher and Aggressive Buying (green) was marked. First sign of weakness would be a Value Area printed entirely below 4391.50. Significant Sellers (red) have not been marked for 33 days. Sentiment: On Friday, my version of the Rydex Assets Ratio reached […]

Wednesday’s RTH found Support at 4391.50 (the 2mn controlling price). First sign of weakness would be a Value Area printed entirely below that level. Significant Sellers (red) have not been marked for 32 days. Sentiment: On Friday, my version of the Rydex Assets Ratio reached 38.57, the highest ratio recorded, indicating extremely hot sentiment. Wednesday’s […]

First sign of weakness would be a Value Area printed entirely below 4391.50 (the 2mn controlling price). Significant Sellers (red) have not been marked for 31 days. Sentiment: On Friday, my version of the Rydex Assets Ratio reached 38.57, the highest ratio recorded, indicating extremely hot sentiment. Tuesday’s ratio was close at 38.13. Stocks>50dymaNyse 43% […]

The 2mn has migrated higher again – up to 4391.50. First sign of weakness now would be a Value Area below that level. Significant Sellers (red) have not been marked for 30 days. Sentiment: On Friday, my version of the Rydex Assets Ratio reached 38.57, the highest ratio recorded, indicating extremely hot sentiment. Lower on […]

On 07/22 the 2mn moved to 4353.0. The last six value Areas have been generated entirely above that level which is a positive indication. First sign of weakness would be a Value Area below 4353. Significant Sellers (red) have not been marked for 29 days. Sentiment: On Friday, my version of the Rydex Assets Ratio […]

Thursday’s RTH session generated a Value Area entirely above 4340, the 1 month controlling price, and again, Aggressive Buying (green) was marked. A Value Area generated back below that level would weaken the current, strong, position. Sentiment: On 8th July, my version of the Rydex Assets Ratio reached 34.73, the highest ratio recorded, indicating extremely […]

Wednesday’s Value Area was generated higher and time was spent above 4340, the 1 month Resistance, which puts ES back in a strong position if it can be held. Aggressive Buying (green) was marked again. A RTH close below 4326 (dashed), today’s Buying Day Low, would be a sign of ST weakness.