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e-mini 8th April 2021

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On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but rejection above that level would be likely. Note also Sentiment, below. Stocks>50dymaNyse […]

e-mini 7th April 2021

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On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but rejection above that level would be likely. Stocks>50dymaNyse 82% (from 80%), Nasdaq […]

e-mini 6th April 2021

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On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but rejection above that level would be likely. Stocks>50dymaNyse 80% (from 71%), Nasdaq […]

e-mini SP500 5th April 2021

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On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern, see previous, highlighted comment on chart. Price back below 3897 from here would be a significant negative indication. Stocks>50dymaNyse 71%, Nasdaq 63%, R2000 71%. Numbers >50 […]

e-mini 1st April 2021

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Last four Value Areas generated back above 3897, the 7 month controlling price, which is First Level Support. Strong position if that level holds. Stocks>50dymaNyse 74% (from 75%), Nasdaq 56% (from 54%), R2000 65% (from 64%). Numbers >50 are supportive. Sentiment: My version of the Rydex Assets Ratio reached 24.43 on Wednesday, the highest since […]

e-mini 31st March 2021

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Last three Value Areas generated back above 3897, the 7 month controlling price, which is now First Level Support. Strong position if that level holds. Stocks>50dymaNyse 75% (from 73%), Nasdaq 54% (from 52%), R2000 64% (from 61%). Numbers >50 are supportive. Sentiment: My version of the Rydex Assets Ratio reached 24.43 on Monday, the highest […]

e-mini 29th March 2021

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Friday’s Value Area was generated back above 3897, the 7 month controlling price, which is now First Level Support, see Friday’s comments. Aggressive Buying was marked. Stocks>50dymaNyse 77%, Nasdaq 58%, R2000 68%. Numbers >50 are supportive. Sentiment: My version of the Rydex Assets Ratio reached 24.03 on Friday, the highest since February ’20.

e-mini 26th March 2021

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The 7 month controlling price has migrated to 3897.50. This is the level to focus on. It is important now that ES holds this level to maintain a strong location. A Value Area generated above 3898 would be bullish.