Monitoring price relative to the 1 month S/R at 3671.50. As I write, a few minutes after the open, ES has printed higher, close to that Resistance, but not exceeded it. There was a rejection of 3700 last Wednesday – I eliminated new longs until Significant Buying (green) is marked again, see highlighted comments on […]

The 1 month S/R is at 3670. Price relative to that level at the start of this week would be worth monitoring. Pre-open ES is printing above that level in a strong position. There was a rejection of 3700 last Wednesday – I eliminated new longs until Significant Buying (green) is marked again, see highlighted […]

On 11/18, I wrote >>from the distribution analysis there may be a fast rejection if price prints above 3700. That’s an “if” for the moment.<< see highlighted comments on chart. We saw a swift rejection of that level on Wednesday with ES reversing and closing the session below the lows of two Buying days (12/04 […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes above 3700 this month we should be […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes above 3700 this month we should be […]

ChartProfit Chart Book – week ending 4th December 2020

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes above 3700 this month we should be […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes above 3700 this month we should be […]

On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes above 3700 this month we should be […]

ChartProfit Chart Book – week ending 27th November 2020