ST (trading): Thursday’s RTH close was below 4318.50, the low of Friday’s Buying Day, (dashed). Mechanically that means I need to see Significant Buying (green) marked again before I can look at new longs. In the LT (investing), the 4mn Support is at 4163. A Value Area printed below 4163 would be a bearish development. […]

Overnight there has been a sell-off with ES printing below 4300 pre-open. A RTH close below the low of Friday’s Buying Day, 4318.50 (dashed), would be the first sign of weakness on the minor time-frame. Sentiment: My version of the Rydex Assets Ratio was higher at 29.63. On 06/15 the ratio reached 31.27, the highest […]

Significant Buyers have been very Active recently and Effective. Aggressive Buying (green) has been marked six times in eleven days. A RTH close below the low of Friday’s Buying Day, 4318.50 (dashed), would be the first sign of weakness on the minor time-frame. The minor (15day) poc is at 4340.0, price relative to that level […]

Significant Buyers have been very Active recently and Effective. Aggressive Buying (green) has been marked six times in ten days. The 4mn Support is at 4163. This held on a recent test. A Value Area printed below 4163 would be a bearish development in the longer time-frame. A RTH close below the low of Friday’s […]

ChartProfit Chart Book – week ending 2nd July 2021

The 4mn Support is at 4163. This held on a recent test and since then Aggressive Buyers (green) have been very active, and have marked five times in nine days, including yesterday. A RTH close below the low of Thursday’s Buying Day, 4293.25 (dashed), would be the first sign of weakness on the minor time-frame. […]

The 4mn Support is at 4163. This held on a recent test and since then Aggressive Buyers (green) have been marked four times in eight days. A Value Area printed below 4163 would be a bearish development in the longer time-frame. A RTH close below the low of Monday’s Buying Day, 4264 (dashed), would be […]

The 4mn Support is at 4163. This held on a recent test and since then Aggressive Buyers (green) have been very active, marked four times in six days. A Value Area printed below 4163 would be a bearish development in the longer time-frame. Aggressive Buying was marked again on Monday. A RTH close below the […]

The 4mn Support is at 4163. This held on the recent decline. A Value Area printed below that level would be a bearish development in the longer time-frame. There is minor Support at 4197. Aggressive Buying (green) was marked again on Friday. A RTH close below the low of that Buying Day, 4260.75 (dashed), would […]

ChartProfit Chart Book – week ending 25th June 2021