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e-mini 9th March 2021

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Early last week there was a rejected probe of the 1mn Resistance at 3907. This is still valid Resistance. Important to note that the 2mn has migrated higher to 3831. This is the level to focus on now and is First Support. ES needs to hold that price to maintain a strong position. Stocks>50dyma Nyse […]

e-mini 8th March 2021

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Early last week there was a rejected probe of the 1mn Resistance at 3907, see arrow on chart. ES declined from there and on Thursday broke the Support at 3797. However, on Friday ES recovered that Support which needs to hold if ES is to maintain a strong location. If the decline continues there is […]

e-mini 5th March 2021

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On Monday there was a rejected probe of the 1mn Resistance at 3907, and ES has declined from there. On Thursday the Support at 3797 was broken. ES has today rallied back above that level and needs to hold it to maintain a strong location. If the decline continues there is previous poc Support at […]

e-mini 4th March 2021

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Overnight the Support at 3797 has been tested. Currently printing back above 3800, pre-open. Price printing time below that level would indicate further weakness. Aggressive Selling was marked on Wednesday. On Monday the 1mn Resistance at 3907, was probed. Time above that level would suggest higher. Stocks>50dyma Nyse 69% (from 72%), Nasdaq 65% (from 71%), […]

e-mini 3rd March 2021

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On Friday ES briefly tested the First Level Support at 3797, and has rallied from there. Price printing time below that level would indicate further weakness. On Monday the 1mn Resistance at 3907, was probed. Time above that level would suggest higher. Stocks>50dyma Nyse 72% (from 73%), Nasdaq 71% (from 76%), R2000 76% (from 82%). […]

e-mini 2nd March 2021

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On Friday ES briefly tested the First Level Support at 3797, and has rallied from there. Price printing time below that level would indicate further weakness. On Monday the 1mn Resistance at 3907, was probed. Time above that level would suggest higher. Stocks>50dyma Nyse 73% (from 64%), Nasdaq 76% (from 68%), R2000 82 % (from […]

e-mini 1st March 2021

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On Friday ES briefly tested the First Level Support at 3797, and has rallied from there, see previous comments. Price printing time below that level would indicate further weakness. There is 1mn Resistance at 3907. Stocks>50dyma Nyse 64%, Nasdaq 68%, R2000 73%. Numbers >50 are supportive. Sentiment: My version of the Rydex Assets Ratio was […]

e-mini 26th February 2021

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On Thursday ES opened the day-session above the 3907 Support and then immediately broke it, see yesterday’s comments. The session closed below the low of Wednesday’s Buying Day low which is a weak pattern. Aggressive Buying days usually indicate higher. These were Significant Buyers and they have been disrupted. In the longer term the Major […]