emini analysis 22nd December 2017 – pre-open from Chartprofit See Wednesday’s highlighted comments. There is a v minor (13day) poc at 2690. Price relative to this level today could be a guide to ST strength/weakness. First Level ST Support = 2624.00 (minor poc) First Level LT Support = 2573.50 (3mn poc) Stocks>50dyma numbers: Nyse 66% […]

emini analysis 20th December 2017 – pre-open from Chartprofit As mentioned before I try to answer two questions from the profile analysis. 1) Who is Active? 2) Are they Effective? On the dayframe (the minor timeframe) Sellers were Active last Thursday (red-at-bottom). Was this Selling Effective? An overlapping/lower Value Area means yes, but only on […]

emini analysis 19th December 2017 – pre-open from Chartprofit In the longer timeframe Thursday was a Reactive Selling day only and was completely retraced on Friday. Buyers are still in control. Monday gapped to a new high. First Level ST Support = 2624.00 (minor poc) First Level LT Support = 2573.50 (3mn poc) Stocks>50dyma numbers: […]

emini analysis 18th December 2017 – pre-open from Chartprofit I classified as Thursday’s Selling (red) as Reactive Selling only. See Friday’s highlighted comments. The red-at-bottom day was completely retraced on Friday. This is rare and indicates that the Buyers are still in control. First sign of weakness would be a Value Area printed below 2624.00, […]

emini analysis 15th December 2017 – pre-open from Chartprofit Aggressive Selling (red-at-bottom) was marked on Thursday. In the dayframe (see below) this is an indication of weakness but the Value Area was printed entirely above 2624.00, the minor poc, so can be classified as Reactive Selling only. First sign of real weakness would be a […]

emini analysis 14th December 2017 – pre-open from Chartprofit Last week ES found Support at 2624.00 and rallied back Aggressive Buying (green-at-top) was marked on Friday and Monday. ES price action is still positive, even in the short-term – i.e. a minor poc emerges, price finds Support at that level and rallies. First sign of […]

emini analysis 13th December 2017 – pre-open from Chartprofit Last week ES found Support at 2624.00 and rallied back Aggressive Buying (green-at-top) was marked on Friday and Monday. ES price action is still positive, even in the short-term – i.e. a minor poc emerges, price finds Support at that level and rallies. First sign of […]

emini analysis 12th December 2017 – pre-open from Chartprofit Note: we are now following the March contract. Last week ES found Support at 2624.00, the minor poc and rallied back above Tuesday’s high (2648.50) which negated any negative ST implications of that day’s Aggressive Selling, see Friday’s pre-open comments above. Aggressive Buying (green-at-top) was marked […]

emini analysis 11th December 2017 – pre-open from Chartprofit Mid-week ES found Support at 2624.00, the minor poc and rallied back above Tuesday’s high (2648.50) which negated any negative ST implications of that day’s Aggressive Selling, see Friday’s pre-open comments above. ES price action is still positive, even in the short-term – i.e. a minor […]

emini analysis 8th December 2017 – pre-open from Chartprofit Tuesday’s session generated a lower Value Area and Significant Selling (red) was marked for the first time since August. This is a minor indication of ST weakness but if ES prints above Tuesday’s high (2648.50) it would negate any negative ST implications of the red-at-bottom low. […]