I’ve written that I’m staying bullish with the trend but would change that view very quickly with a RTH close below 4117.50 (dashed line), the low of the most recent Buying Day. I stay with that view. Dayframe: minor Support moved higher to 4181.0 – worth monitoring. Sentiment: My version of the Rydex Assets Ratio […]

I’ve written that I’m staying bullish with the trend but would change that view very quickly with a RTH close below 4117.50 (dashed line), the low of the most recent Buying Day. I stay with that view. Dayframe: there is minor Support at 4136.50 – worth monitoring. Sentiment: My version of the Rydex Assets Ratio […]

I’ve written that I’m staying bullish with the trend but would change that view very quickly with a RTH close below 4117.50 (dashed line), the low of the most recent Buying Day. I stay with that view. Dayframe: there is minor Support at 4136.50 – worth monitoring. Sentiment: My version of the Rydex Assets Ratio […]

I’ve written that I’m staying bullish with the trend but would change that view very quickly with a RTH close below 4117.50 (dashed line), the low of the most recent Buying Day. I stay with that view. Dayframe: At the start of this week there is minor Support at 4136.50 – worth monitoring. Sentiment: My […]

ChartProfit Chart Book – week ending 23rd April 2021

Thursday’s RTH opened with a probe above Wednesday’s Buying Day high but Sellers immediately auctioned ES back down to the Support. I’ve written that I’m staying bullish with the trend but would change that view very quickly with a RTH close below 4117.50 (dashed line), the low of the most recent Buying Day. I stay […]

I’ve written that I’m staying bullish with the trend but would change that view very quickly with a RTH close below 4115.50 (dashed line), the low of the most recent Buying Day. We can move that level to 4117.50 which is yesterday’s Buying Day low. Buyers responded strongly on Wednesday, auctioning ES higher throughout the […]

I’m staying bullish with the trend but will change that view very quickly with a RTH close below 4115.50 (dashed line), the low of the most recent Buying Day. There is minor (15 day) Support at 4121. Sentiment: My version of the Rydex Assets Ratio reached 30.3 on 04/19. That’s the first time the ratio […]

from pre-open 16th April >>As noted on 6th April “the distribution patterns suggest a move above 4150”, and that has now been achieved. I also wrote “rejection above that level would be likely”. The distribution pattern I’m basing that on is long-term so rejection may not be immediate but this interpretation wouldn’t allow price to […]