w/e 01/29, Significant Sellers failed twice to auction ES below the major Support at 3672. There was a rejected test of that level overnight on the following Monday. Since then, Aggressive Buying has been marked four times. First Level Support is at 3797. Stocks>50dyma Nyse 79% (from 80%), Nasdaq 87% (from 90%), R2000 87% (from […]

w/e 01/29, Significant Sellers failed twice to auction ES below the major Support at 3672. There was a rejected test of that level, overnight on the following Monday. Since then, Aggressive Buying has been marked four times. First Level Support is at 3797. Stocks>50dyma Nyse 80% (from 79%), Nasdaq 90% (from 91%), R2000 88% (from […]

In w/e 01/29, Significant Sellers failed twice to auction ES below the major Support at 3672. Since an overnight test of that level on the following Monday, Aggressive Buying has been marked four times. First Level Support is at 3797, see last Thursday’s pre-open comments, highlighted. Stocks>50dyma Nyse 79% (unch), Nasdaq 91% (from 90%), R2000 […]

In w/e 01/29, Significant Sellers failed twice to auction ES below the major Support at 3672. Since an overnight test of that level on the following Monday, Aggressive Buying has been marked three times. First Level Support is at 3797, see last Thursday’s pre-open comments, highlighted. Stocks>50dyma Nyse 79% (from 74%), Nasdaq 90% (from 86%), […]

Last week was constructive. Previous week, w/e 01/29, Significant Sellers failed twice to auction ES below the major Support at 3672 (see chart) and from an overnight test of that level on the following Monday. Aggressive Buying was marked twice last week and has auctioned ES back above the 3mn at 3797 which is now […]

ChartProfit Chart Book – week ending 5th February 2021

It’s been a constructive week. In the w/e 01/29, Significant Sellers failed twice to auction ES below the major Support at 3672 and from an overnight test of that level on Monday, Sig Buyers re-entered and there has been a strong rally this week. ES is now printing comfortably above the 3mn at 3797 which […]

Following the test of the 3672 major Support overnight on Monday, ES has recovered back above 3797, the 3mn. Value Areas on Tue and Wed were generated entirely above that level. This is a strong position with First Level Support at 3797. Stocks>50dyma Nyse 64% (from 62%), Nasdaq 78% (from 79%), R2000 73% (from 73%). […]

Following the test of the 3672 major Support overnight on Monday, ES has recovered back above 3797, the 3mn. In fact yesterday’s Value Area was generated entirely above that level. This is a strong position (see yesterday’s comments) with First Level Support at 3797. Stocks>50dyma Nyse 62% (from 56%), Nasdaq 79% (from 74%), R2000 73% […]

Rare to see Aggressive Selling and Buying marked on consecutive days. Following the test of the 3672 Support overnight on Monday, Buyers re-entered and have auctioned ES back to the 3mn at 3797. Price printing time above that level would be a stronger position. Stocks>50dyma Nyse 56% (from 44%), Nasdaq 74% (from 65%), R2000 67% […]