ChartProfit Chart Book – week ending 4th September 2020

See yesterday’s pre-open comments, highlighted on chart. I wrote >>Market “may” be in an acceleration move into a top, therefore I have moved a trading stop (daily time-frame) to a day-session close below 3534 which is the low of yesterday’s Aggressive Buying day<<. That certainly occured with yesyerday’s sharp sell-off. Aggressive Buyers have been severely […]

In the pre-open report today I wrote that a trading stop (daily time-frame) was now in place which is a day-session close below 3534, the low of yesterday’s Aggressive Buying day. See Green bars on Pulse Chart below which represent Aggressive Buying Days. First indication of weakness on the daily time-frame is a day-session close […]

Strong uptrend has held this week. No Value Area generated entirely below the previous day’s controlling price for nine consecutive days. See 08/19 pre-open comments, highlighted on chart. I have marked Aggressive Buying on six of the last eight days – it’s very rare to see Significant Buyers this active, with no markable reaction from […]

Strong uptrend held on Tuesday. No Value Area generated below the previous day’s for eight consecutive days. See 08/19 pre-open comments, highlighted on chart. 3370.50 is First Level Support of importance. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This indicated weakness and FTSE sold off to […]

Strong trend up for seven days with no Value Area generated below the previous day’s. See 08/19 pre-open comments, highlighted on chart. 3370.50 is First Level Support of importance. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This indicated weakness and FTSE sold off to test the […]

Strong trend up last week with Value Areas generated above the previous day’s poc, monday through Thursday. Thursday’s low tested Wednesday’s poc and rallied immediately. See 08/19 pre-open comments, highlighted on chart. 3370.50 is First Level Support of importance. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). […]

ChartProfit Chart Book – week ending 28th August 2020

Strong trend up this week with each day’s Value Area generated above the previous day’s poc. Thursday’s low tested Wednesday’s poc and rallied immediately. See 08/19 pre-open comments, highlighted on chart. 3370.50 is First Level Support of importance. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This […]

See Monday’s pre-open comments, highlighted on chart. Aggressive Buyers marked last three days – that’s rare. 3370.50 is First Level Support. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This indicated weakness and FTSE sold off to test the major Support at 5870 in late July – […]