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.

Monday’s Value Area was generated entirely below 4340 (1mn poc) which is a first sign of weakness on the longer timeframe, see previous comments. I want to see ES printing back above that level before looking at new longs but Aggressive Buying (green) was marked yesterday which is a positive and breadth numbers improved somewhat, […]

Monday’s Value Area was generated entirely below 4340 (1mn poc) which is a first sign of weakness on the longer timeframe, see yesterday’s comments. Before I can look at new longs now, ES has to recover that level or that controlling price migrates lower and gives us something to work with or ES falls to […]

A Value Area generated entirely below 4340 (1mn poc) would be the first sign of weakness on the longer timeframe. Friday’s VA didn’t quite do it but today’s might. Next level of important Support is 4163 (6mn). Sentiment: On 8th July, my version of the Rydex Assets Ratio reached 34.73, the highest ratio recorded, indicating […]

ChartProfit Chart Book – week ending 16th July 2021