Last week (Friday) ES tested 3202.50, First Level Support. Value Areas this week have been generated above that level. Price printing time below 3202.50 would be a first sign of weakness. Wednesday’s Value Area was higher and wider but pre-open today ES is sharply lower. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 […]

On Friday ES tested 3202.50, First Level Support, but the Value Area was generated entirely above that level, as was Monday’s and Tuesday’s. Price printing time below 3202.50 would be a first sign of weakness. Key chartsFTSE 100: recent multiple rejections in June/July at 6312 (1/2R Resistance off last year’s high). This indicated weakness and […]

Early in last Thursday’s session there was a rejected probe of the v minor (4day) poc at 3264.50, see previous highlighted comments. On Friday ES tested 3202.50, First Level Support, but the Value Area was generated entirely above that level, as was Monday’s. Price printing time below 3264.50 would be a first sign of weakness. […]

Early in Thursday’s session there was a rejected probe of the v minor (4day) poc at 3264.50, see previous highlighted comments. On Friday ES tested 3202.50, First Level Support, but the Value Area was generated entirely above that level. As I wrote Thursday, price printing time below 3264.50 would be a first sign of weakness. […]

ChartProfit Chart Book – week ending 24th July 2020

Early in Thursday’s session there was a rejected probe of the v minor (4day) poc at 3264.50, see yesterday’s highlighted comments. Pre-open today ES has briefly tested 3202.50, First Level Support. Price printing time below that level would be a first sign of weakness. Key chartsFTSE 100: recent multiple rejections at 6312 (1/2R Resistance off […]

On Monday Aggressive Buying was marked. First Level Support is at 3202.50 (12mn poc). Price printing time below that level would now be first sign of weakness. There is v minor (4day) Support at 3264. On Wednesday ES reached its highest level since February. Key charts FTSE 100: recent multiple rejections at 6312 (1/2R Resistance […]

On Monday Aggressive Buying was marked on the SP500 futures (ES). Tuesday’s Value Area was higher. First Level Support is at 3202.50 (12mn poc). Price printing time below that level would now be first sign of weakness. On Tuesday ES reached its highest level since February. Key charts FTSE 100: recent multiple rejections at 6312 […]

Monday’s session generated a higher Value Area and Aggressive Buying was marked. The low on 07/09 was a test of First Level Support at 3106.50. That held, and on smaller timeframe charts, e.g. 5 minue, the First Level Support has now moved up to 3202.50 (12mn poc). Price printing time below that level would now […]

The low on 07/09 was a test of First Level Support at 3106.50. That has held. The first minor sign of weakness would be a day-session close below the low of the 07/10 Buying Day at 3126.50. As long as ES holds 3106.5 it is in a strong position in the ST. Longer-term Support is […]