A Value Area generated above 3435.5 (1mn poc) would be welcome, see yesterday’s highlighted comments on chart. Even better, would be Significant Buying (green) marked above that level. There is Support at 3387, the 1/2R off September high and price below that point would be a further sign of weakness. Sentiment: My version of the […]

The minor (1mn) controlling price has shifted down to 3435.5. Important for Bulls that ES holds this level. Time below that migrated poc would not be strong price action. Bulls would wantto see Significant Buying (green) marked above that level. There is Support at 3387, the 1/2R off September high and price below that point […]

Value Areas on Monday and Tuesday have been generated below 3479.0, the minor (12day) controlling price, see Monday’s highlighted comments on chart. Aggressive Selling (red) was marked on Monday. This is a weaker position in the ST. I’d want to see ES back above that level before entering new longs. There is Support at 3387, […]

Monday’s VA was generated below 3479.0, the minor (11day) controlling price, see yesterday’s highlighted comments, and Aggressive Selling (red) was marked. This is a weaker position in the ST. There is Support at 3387, the 1/2R off September high and price below that level would be a further sign of weakness. Sentiment: My version of […]

Friday’s VA was generated above 3479.0, the minor (10day) controlling price, see Freiday’s highlighted comments. Price relative to that level could be useful to monitor at the start of this week, above/below = strong/weak. Currently, pre-open, ES is printing above that level. Stocks>50dyma Nyse 58%, Nasdaq 65%, R2000 61%. Numbers >50 are supportive. Sentiment: My […]

ChartProfit Chart Book – week ending 16th October 2020

The minor (9day) has migrated to 3479.0. That changes the ST analysis. As long as ES holds above that level it is back in a strong position.Price relative to that level could be useful to monitor in the ST, above/below = strong/weak. Stocks>50dyma Nyse 60% (from 58%), Nasdaq 67% (from 62%), R2000 64% (from 56%). […]

Last two Value Areas have been generated below 3519.0, the minor poc. I wrote yesterday that “Price relative to that level could be useful to monitor in the ST, above/below = strong/weak”. Stocks>50dyma Nyse 58% (from 60%), Nasdaq 62% (from 67%), R2000 56% (from 61%). Numbers >50 are supportive. Sentiment: My version of the Rydex […]

The v minor poc (7day) has migrated to 3519.0. Price relative to that level could be useful to monitor in the ST, above/below = strong/weak. Significant Selling (red) marked below that level would mindicate a test of First Level Support at 3387. Stocks>50dyma Nyse 60% (from 67%), Nasdaq 67% (from 73%), R2000 61% (from 69%). […]

The last five Value Areas have been generated above the 3387 Resistance, dashed line, see highlighted comments from 10/01. Buyers back in control from 10/07. First Level Support is 2287, (1/2R). Stocks>50dyma Nyse 67% (from 64%), Nasdaq 73% (from 70%), R2000 69% (from 65%). Numbers >50 are supportive. Stocks>50dyma Nyse 66% (from 57%), Nasdaq 64% […]