emini analysis 20th June 2017 – pre-open from Chartprofit Monday’s Value Area was generated entirely above 2434.50 (6wk poc). As long as ES holds above this level it is in a strong price location even in the ST. And in the longer timeframe as long as it holds above 2413 it is in a strong […]

emini analysis 19th June 2017 – pre-open from Chartprofit See previous, highlighted, comments. Both Thursday’s and Friday’s Value Areas were generated entirely below 2434.50 (6wk poc). However, pre-open today ES prints above that level. Price relative to that level at the start of this week will be useful to gauge ST strength/weakness. Minor S/R = […]

pre-open Friday 16th June See previous, highlighted, comments. Thursday’s Value Area was generated entirely below 2434.50 (6wk poc). Pre-open today ES prints just below that level. Minor S/R = 2434.50 (minor poc) First Level LT Support = 2384 (5mn poc) Second Level LT Support = 2353 (poc) Sentiment: My version of the Rydex Assets Ratio […]

post-close Wednesday 14th June During today’s session the six week poc migrated slightly higher to 2434.50. Price relative to this level will give a clue re ST strength/weakness. Minor Support = 2433.00 (minor poc) First Level LT Support = 2384 (5mn poc) Second Level LT Support = 2353 (poc) Bonds: TLT – closed today at […]

emini analysis 14th June 2017 – pre-open from Chartprofit Enough time was spent at 2433 to migrate the six week poc to this level (from 2413). When the minor poc was at 2413 it implied exhaustion for the minor distribution around 2443. We saw rejection at that price level, see Monday’s comments, and the Sep […]

emini analysis 13th June 2017 – pre-open from Chartprofit Note: we are now following the Sep contract. Please read yesterday’s comments. As noted, the Sep contract tested the minor Support at 2413 on Friday. ES needs to hold above this level to maintain a strong proce location on the minor timeframe. There is minor Resistance […]

emini analysis 12th June 2017 – pre-open from Chartprofit During Friday’s session there was a rejection of a price probe above 2443 (dashed line), see Friday’s highlighted pre-open comments. As I wrote on Friday it was a minor distribution that indicated this could happen. It would now be a positive to see price accepted (time) […]

emini analysis 9th June 2017 – pre-open from Chartprofit Dayframe: The minor poc (12day) is at 2432.00. Price relative to this level would be an indication of intraday strength/weakness today. One hour pre-open ES is printing just above that level. Minor distributions suggest that 2443 might reject price – it would be a positive if […]

emini analysis 8th June 2017 – pre-open from Chartprofit Dayframe: See yesterday’s comments. 2434.50 was intraday Resistance on Wednesday. That minor poc (11day) has now shifted slightly lower to 2432.00. Price relative to this level would be an indication of intraday strength/weakness today. Last week Aggressive Buying (green-at-top) was marked on Thursday as ES (and […]

emini analysis 7th June – pre-open from Chartprofit Last week Aggressive Buying (green-at-top) was marked on Thursday as ES (and SPY) recorded a new high. As long as ES holds above 2413.00 it is in a strong location even on the minor timeframe. Dayframe: 2434.50 (6day poc) could be worth monitoring today. Price relative to […]