emini analysis 23rd August 2017 – pre-open from Chartprofit Value Areas on Friday and Monday were printed entirely below 2436.50 (7mn poc) – an indication of weakness. Tuesday’s VA was printed entirely above that level, and I wrote yesterday that “would be the first minor positive”, see highlighted comments – and Aggressive Buying (green-at-top) was […]

emini analysis 22nd August 2017 – pre-open from Chartprofit See previous highlighted comments. Last two Value Areas have been printed entirely below 2436.50 (7mn poc). Price being accepted below that level is an indication of weakness. Overnight ES rallied to briefly probe 2436.50, the 7mn poc. Price printing time above that level would be the […]

emini analysis 21st August 2017 – pre-open See previous highlighted comments. Friday’s Value Area was printed below 2436.50 (7mn poc). Price being accepted below that level is an indication of weakness. The Pulse Chart remains weak – currently daily price momentum for SPY is negative and down and the Breadth indicator is red. First Level […]

emini analysis 18th August 2017 – pre-open from Chartprofit See yesterday’s highlighted comments. Following Wednesday’s rejected probe of First Level Resistance (2474) – ES sold off sharply on Thursday. A lower, wider Value Area was generated and Aggressive Selling (red-at-bottom) was marked. ES closed the session below 2436.50 (7mn poc), First Level Support, and pre-open […]

emini analysis 17th August 2017 – pre-open Last Thursday’s sell-off was halted at the First Level Support at 2436.50. ES has rallied from there and during Wednesday’s session First Level Resistance at 2474 was reached but not exceeded. Time printed above that level would be a positive, see yesterday’s highlighted comments. Also the Pulse Chart […]

emini analysis 16th August 2017 – pre-open See previous highlighted comments. Thursday’s sell-off was halted at the First Level Support at 2436.50. A Value Area generated below this level would be an indication of weakness in the longer timeframe. In the shorter timeframe, price printing time above 2474, the 2mn poc Resistance, would be a […]

emini analysis 15th August 2017 – pre-open from Chartprofit See previous highlighted comments. Monday printed above Thursday’s session high which negates any ST weakness implied by Thursday’s Aggressive Selling (red-at-bottom). Thursday’s sell-off was halted at the First Level Support at 2436.50 and a Value Area generated below this level would be an indication of weakness […]

emini analysis 14th August 2017 – pre-open Wednesday 08/09 generated a Value Area entirely below the minor poc at 2470.00. This was our first minor sign of weakness – see previous highlighted comments. Thursday was a strong down day which was halted at the First Level Support at 2436.50 – see previous highlighted comments, this […]

emini analysis 4th August 2017 – pre-open from Chartprofit The minor poc (1month) is now at 2470.00. Pre-open today ES prints just above that price. The first minor sign of weakness would be a Value Area printed below that level. First Level Support/Resistance = 2470.0 (1mn poc) Second Level Support = 2436.50 (3mn poc) Sentiment: […]

emini analysis 3rd August 2017 – pre-open from Chartprofit Please read previous comments. Last week’s sell-off on Thursday was Supported at the (then) minor 2456.50 poc. That minor poc (1month) is now at 2473.00. Pre-open today ES prints very close to that price. The first minor sign of weakness would be a Value Area printed […]