Value Areas this week have been generated entirely above 4163 (3mn controlling price) which is an indication of strength. ES has been consolidating above that important Support. Bulls would want to see ES hold that level or recover quickly from a test. Sentiment: My version of the Rydex Assets Ratio was higher at 28.64. There […]

Value Areas this week have been generatedentirely above 4163 (3mn controlling price) which is an indication of strength. ES has been consolidating above that impoartant Support. Bulls would want to see ES hold that level or recover quickly from a test. Sentiment: My version of the Rydex Assets Ratio was .higherat 26.13. On 04/26 the […]

Both RTH sessions have generated this week Value Areas entirely above 4163, the 3mn controlling price, which is an indication of strength. That level is now important Support. Sentiment: My version of the Rydex Assets Ratio was unchanged at 25.45. On 04/26 the ratio reached 30.77. This is the highest ratio ever and a truly […]

Monday’s RTH session generated a value Area entirely above 4163, the 3mn controlling price, which is an indication of strength, see yesterday’s pre-open comments. That level is now important Support. Sentiment: My version of the Rydex Assets Ratio was higher at 25.45. On 04/26 the ratio reached 30.77. This is the highest ratio ever and […]

The 3mn controlling price at 4163.0 was exceeded on Friday and pre-open today ES is printing above that level in a strong position. A Value Area generated above that price would be bullish. Bulls would want to see ES hold 4163 or recover a test quickly. Sentiment: My version of the Rydex Assets Ratio ended […]

ChartProfit Chart Book – week ending 21st May 2021

The 3mn controlling price at 4163.0 has capped the upside this week. On Tuesday there was a RTH close below 4135, the previous Friday’s Buying Day low, and this was an indication of weakness. On Wednesday ES generated a sharply lower Value Area but has recovered strongly to once again probe the 3mn at 4163. […]

The 3mn controlling price at 4163.0 has capped the upside this week. On Tuesday there was a RTH close below 4135, Friday’s Buying Day low, and this is an indication of weakness. ES printing time below 4163 increases the chance it will test the next Support at 3897. Sentiment: My version of the Rydex Assets […]

The 3mn controlling price at 4163.0 has capped the upside this week. On Tuesday there was a RTH close below 4135, Friday’s Buying Day low, and this an indication of weakness, see yesterday’s comments. As written at the start of the week, a Value Area generated above 4163 would be bullish – we haven’t seen […]

The 3mn controlling price at 4163.0 capped the upside on Monday. A Value Area generated above that level would be bullish. A RTH close below 4135, Friday’s Buying Day low, would now be first indication of weakness. Sentiment: My version of the Rydex Assets Ratio was lower at 23.20. On 04/26 the ratio reached 30.77. […]