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

The 4mn Support is at 4163. This held on 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. Sentiment: My version of the Rydex Assets Ratio was higher at 31.11. Close to the ratio on 06/15 when it reached 31.27, […]

The 4mn Support is at 4163. We have yet to see a Value Area printed below that level – see chart. Should that happen it would be a bearish development in the longer time-frame. There is minor Support at 4197. Sentiment: My version of the Rydex Assets Ratio was higher at 30.30. Close to the […]

The 4mn Support is at 4163. We have yet to see a Value Area printed below that level – see chart. Should that happen it would be a bearish development in the longer time-frame. There is minor Support at 4197. Sentiment: My version of the Rydex Assets Ratio was lower at 25.48. On 06/15 the […]

Friday was an Aggressive Selling day (usually indicates lower) followed immediately by an Aggressive Buying day. This is very rare and in the last five years has only happened three other times. The market was higher in the short-term after all three. There were 9 instances in the four years prior to that and with […]