Please read previous highlighted comments. Exact high of Monday’s short session was the Resistance at 2436.50, see chart. The 6wk Value Area Low (VAL) has migrated slightly higher to 2418 (dashed line) and as long as the 6wk poc remains at 2436.50 then any test of 2418 should be rejected. If that failed to occur […]

emini analysis 3rd July 2017 – pre-open from Chartprofit Please read previous highlighted comments. The 6wk poc remains at 2436.50 – price relative to that level is important to monitor. Thirty minutes pre-open today ES prints below that level. The 6wk Value Area Low (VAL) is still at 2415 (dashed line). Although time was spent […]

emini analysis 30th June 2017 – pre-open from Chartprofit Thursday’s session opened above 2436.50, the 6wk poc, and immediately sold off. Time was spent in the price area around 2415, see previous, highlighted comments. Although time was spent below that VAL, ES quickly recovered and pre-open today has printed above 2425. Unless the 6wk poc […]

emini analysis 29th June 2017 – pre-open from Chartprofit See yesterday’s highlighted comments. Before Tuesday’s session opened there was a rejected test of 2415, the Value Area Low (VAL) of the minor distribution that began in May. Encouragingly that suggests the distribution is still valid and developing. Price acceptance (time) around 2415 would be evidence […]

emini analysis 28th June 2017 – pre-open from Chartprofit See yesterday’s highlighted comments. During Monday’s session the 6wk poc migrated slightly higher to 2436.50. Early in Tuesday’s session that poc was probed and rejected (see chart). ES sold off from there and Aggressive Selling was marked. The controlling price at 2436.50 is the poc of […]

emini analysis 27th June 2017 – pre-open from Chartprofit During Monday’s session the 6wk poc migrated slightly higher to 2436.50. Pre-open today ES is printing below that level. Also see Sentiment, below. Minor Support/Resistance = 2436.50 (6wk poc) First Level LT Support = 2384 (5mn poc) Second Level LT Support = 2353 (poc) Sentiment: My […]

emini analysis 26th June 2017 – pre-open from Chartprofit The 6wk poc migrated to 2432.00 on Thursday. Friday’s Value Area was printed entirely above that level and intraday Support was found there late in the session. Pre-open today ES is printing above 2440 in a strong price location. Minor Support/Resistance = 2432.0 (6wk poc) First […]

emini analysis 23rd June 2017 – pre-open from Chartprofit On Thursday enough time was spent at 2432 to migrate the 2mn poc to that level. Price relative to this level will give a clue re ST strength/weakness. Minor Support/Resistance = 2432.00 (2mn poc) First Level LT Support = 2384 (5mn poc) Second Level LT Support […]

emini analysis 22nd June 2017 – pre-open from Chartprofit Please read yesterday’s highlighted comments. Following the Aggressive Sellin g on Tuesday, Wednesday’s session generated a lower Value Area, but not entirely below 2434.50, the 6wk poc. There was intraday Resistance at this level (see chart) and again overnight and pre-open ES continues to print slightly […]

emini analysis 21st June 2017 – pre-open from Chartprofit Aggressive Selling was marked (red-at-bottom) and the 2434.50 (6wk poc) Support was tested but in the longer timeframe this activity can be considered Reactive because Tuesday’s Value Area (like Monday’s) was generated entirely above the poc. Overnight and pre-open ES has been printing below 2434.50 in […]