The day-to-day analysis began to weaken starting pre-open 8th September. See highlighted comments on chart.

I’ve been writing for weeks “The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50”. That’s what we saw yesterday. And 4391.50 is now 3month control and First Resistance. pre-RTH-open today that Resistance has been tested but not exceeded. Price printing time above that level would now be […]

Technically last week was poor. The previous Friday I had marked Aggressive Selling and pre-open Monday wrote “ES is printing below 4482.0 which is First Resistance at the start of this week.Bulls would want to see that level recovered quickly or a test of 4391.50 would look likely.” ES never recovered that level and spent […]

ChartProfit Chart Book – week ending 17th September 2021

ST: As mentioned pre-open on Monday the First Resistance this week is 4482.0. That level rejected price on Monday and Tuesday and capped the upside on Wednesday. I thought we would 4430 tested at a minimum this week but here we are testing the Resistance again. LT: The first sign of weakness in the LT […]

ST: As mentioned pre-open on Monday the First Resistance this week is 4482.0. That level rejected price on Monday and Tuesday and capped the upside on Wednesday. I thought we would 4430 tested at a minimum this week but here we are testing the Resistance again. LT: The first sign of weakness in the LT […]

ST: On Monday – RTH opened above the 4482.0 Resistance and immediately sold off. Same happened on Tuesday. Also last Thursday there was a failure at the 4526.5 Resistance, see arrows on chart. This is a change in tone and a pattern Bulls would want to see reverting. Time back above 4482.0 would be a […]

ST: On Monday – RTH opened above the 4482.0 Resistance and immediately sold off. This happened last Thursday as well with a failure at the 4526.5 Resistance, see arrows on chart. This is a change in tone and a pattern Bulls would want to see reverting. Time back above 4482.0 would be a start. LT: […]

ST: Last week there was a failure at the 4526.5 Resistance, and on Friday Aggressive Selling was marked. Currently ES is printing below 4482.0 (25dy control) which is First Resistance at the start of this week. Bulls would want to see that level recovered quickly or a test of 4391.50 would look likely. LT: The […]

ChartProfit Chart Book – week ending 10th September 2021