emini analysis 21st March 2017 – pre-open from Chartprofit Monday generated a third Value Area inside the range of last Wednesday’s session. The First Level Support at 2367 was tested but held. As long as ES holds above 2367 it is in a strong price location. Thirty minutes pre-open ES prints above that level. First […]

emini analysis 20th March 2017 – pre-open from Chartprofit Friday generated a second Value Area inside the range of Wednesday’s session. Wednesday’s green-at-top has not yet been tested – they usually are (80% of the time) within a day, or two. As long as ES holds above 2367 it is in a strong price location. […]

emini analysis 17th March 2017 – pre-open from Chartprofit Thursday generated a Value Area inside the range of the previous session. Wednesday’s green-at-top has been tested – they usually are 80% of the time within a day, or two. The minor Support at 2375 (minor poc) was tested but held – that minor poc is […]

emini analysis 16th March 2017 – pre-open from Chartprofit Note: we are now following the June contract. ES opened just below 2367, the two month poc, and then immediately rallied. A higher, wider Value Area was generated and Aggressive Buying (green-at-top) was marked. There is minor Support at 2375 (minor poc) but as long as […]

emini analysis 15th March 2017 – pre-open from Chartprofit Note: we are now following the June contract. The two month poc has migrated slightly to 2367. Tuesday’s Value Area was generated entirely below that poc. As long as ES holds this level it is in a strong price location. Significant Selling marked below 2367 would […]

emini analysis 14th March 2017 – pre-open from Chartprofit Note: we are now following the June contract. The March contract is still active and found Resistance at 2375 on Monday, our First Level Resistance. Since the First Level Support moved to 2365 last week, both Value Areas have been generated above that level. Significant Selling […]

emini analysis 13th March 2017 – post-open (30 minutes) from Chartprofit On Friday there was an early rejected probe above 2375, our First Level Resistance. Even so a higher Value Area was generated above 2365 which is First Level Support. These levels being based on the March contract. Tomorrow the analysis will be based on […]

emini analysis 10th March 2017 – pre-open from Chartprofit Thurday’s session generated a lower Value Area and the Support at 2360 was tested (please note that First Level Support has now migrated slightly higher to 2365). The intraday tick numbers were negative for the sixth consecutive day but those based on price were positive. In […]

emini analysis 9th March 2017 – pre-open from Chartprofit Wednesday’s session generated an overlapping Value Area but the session close was weak with ES finishing close to the 2360 poc Support. Overnight that poc was tested and again ninety minutes pre-open as I write. Wednesday’s tick reading was a high negative number with lots of […]

emini analysis 7th January 2017 – pre-open from Chartprofit See previous comments. ES (and SPY) closed the day session gap on Monday. Three consecutively lower Value Areas will often mark the end of a correction in a strong uptrend and with the Support at 2360 as yet untested, that’s a possibility. There is a minor […]