On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes above 3700 this month we should be […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes above 3700 this month we should be […]

ChartProfit Chart Book – week ending 27th November 2020

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. In Monday’s session there was a rejected test of 3551, the minor Support. Subsequently the controlling price migrated slightly higher to 3557. There was a rally on Tuesday with Wednesday’s session consolidating the gains. As long […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. In Monday’s session there was a rejected test of 3551, the minor Support. Subsequently the controlling price migrated slightly higher to 3557. There was a rally on Tuesday, see yesterday’s highlighted comments. Sentiment: My version of […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. In Monday’s session there was a rejected test of 3551, the minor Support. Subsequently the controlling price migrated slightly higher to 3557, see chart. This is now First Level (2 month) Support. Acceptance (time) spent below […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. On Wednesday last week I marked Aggressive Selling (red) auctioning price back to the minor controlling price at 3551.0 which was tested on Thursday and Friday. Value Areas on both days were generated entirely above that […]

ChartProfit Chart Book – week ending 20th November 2020

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. On Wednesday I marked Aggressive Selling (red) auctioning price back to the minor controlling price at 3551.0 which was tested on Thursday. Yesterday’s Value Area was generated entirely above that level. Acceptance (time) spent below that […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. On Wednesday I marked Aggressive Selling (red) auctioning price back to the minor controlling price at 3551.0 (tested pre-open). Time spent below that level would increase the chances of re-testing 3366.50 so Bulls would hope to […]