emini analysis 5th April 2017 – pre-open from Chartprofit The minor poc migrated slightly higher to 2347.50 and this provided Support early on Tuesday. ES rallied back to 2357.50, the 1/2R off March high, where it found Resistance. Pre-open ES prints above this level. Resistance = 2367.00 (2month poc) possible S/R today = 2357.50 (minor […]

emini analysis 4th April 2017 – pre-open from Chartprofit See yesterday’s comments. ES broke lower on Monday and briefly tested our Second Level Minor Support at 2340.50. There followed a rally back to 2357.50, the minor 1/2R off this month’s high, where ES found Resistance which has not yet been overcome. Price below 2340.50 would […]

emini analysis 3rd April 2017 – pre-open from Chartprofit Our S/R levels capped both the upside and downside of Friday’s session. The Resistance at 2367 stalled the rally last week and the minor Support at 2357.50 held the low of Friday’s range. One hour pre-open ES prints close to that Support (dashed line). Resistance = […]

emini analysis 31st March 2017 – pre-open from Chartprofit Intraday Buyers were active again during Thursday’s session and a higher Value Area was generated. The Resistance at 2367 was probed but not exceeded, see chart, and price printing time above this level would be a positive. There is minor Support today at 2357.50 (dashed line), […]

emini analysis 29th March 2017 – pre-open from Chartprofit Intraday Buyers were active on Tuesday, see intraday numbers, and a higher Value Area was generated. This was Effective intraday Buying, see yesterday’s comments. ES opened below 2340.5, the minor poc, but quickly auctioned above it. The Value Area was generated entirely above that level which […]

emini analysis 28th March 2017 – pre-open from Chartprofit Monday’s session generated a lower Value Area. However this attracted some buying, see intraday numbers, and ES closed the session towards the high. What I have just described is an Ineffective Buying Day – intraday buyers active but lower Value Area. If Buyers are going to […]

emini analysis 27th March 2017 – pre-open from Chartprofit Friday’s session generated another overlapping Value Area. Wednesday through Friday there was an unimpressive retracement of Tuesday’s sharp decline. With ES printing below 2367, the 2month poc, it is in a weak price location and Sellers look to be in control of the dayframe. Unfortunately the […]

emini analysis 24th March 2017 – pre-open from Chartprofit Thursday’s session generated an overlapping/higher Value Area. However ES closed towards the low of the session and the rally early in the session did not retrace much of Tuesday’s Effective Selling day. With ES printing below 2367, the 2month poc, ES is in a weak price […]

emini analysis 23rd March 2017 – pre-open from Chartprofit Tuesday’s red-at-bottom low was tested on Wednesday and an overlapping/lower Value Area was generated. If the 2month poc remains at 2367 and ES is printing below that level it is in a weak price location. There is no useful, local Support level. Breadth and price momentum […]

emini analysis 22nd March 2017 – pre-open from Chartprofit Reactive Selling (red-at-top) and Aggressive Selling (red-at-bottom) were both marked on Tuesday. An early probe above 2378.50, the minor poc was rejected and ES immediately sold-off. Tuesday’s Value Area was generated entirely below 2367 (now First Level Resistance) – this was Effective Selling. Not a good […]