Stock market today 17th November 2016 – pre-open from Chartprofit. Please read previous comments. Following Tuesday’s Agressive Buying, Wednesday generated a very narrow, “inside” Value Area but like Tuesday’s it was printed entirely above 2159.50. ES has to hold this level to maintain a strong price location. Momentum and breadth have improved on the Pulse […]

Stock market today 16th November 2016 – pre-open from Chartprofit Please read previous comments. On Tuesday I marked Aggressive Buying (green-at-top). The entire Value Area was generated above 2159.50 (6mn poc). ES has to hold this level to maintain a strong price location. Momentum and breadth have improved on the Pulse chart. See Rydex data […]

Stock market today 15th November 2016 – pre-open from Chartprofit On Thursday last week I wrote that the poc of the current distribution (which began in June) had migrated to 2159.50 and this suggeted completion and that a new directional move may well be about to begin. See highlighted comments. Since then price has spent […]

Stock market today 14th November 2016 – pre-open from Chartprofit See previous comments. Friday generated a narrow Value Area just below 2159.50, which is now the 6month poc. I’m looking for a new directional move here so closely watching price relative to that level. Thirty minutes pre-open today ES is printing just above that price.. […]

Stock market today 11th November 2016 – pre-open from Chartprofit See yesterday’s comments. The most important level to monitor now is the newly migrated 6month poc at 2159.50. Thursday’s session generated a higher/overlapping Value Area entirely above that level but thirty minutes pre-open today ES is printing just below that price. I’m looking for a […]

emini at critical point – pre-open Thursday 10th November Recap: Key chart IWM held 115.35, its major poc Support and SPY held 209.90, its major poc Support (apart from a test late last week). There was extreme volatility late Tuesday as ES plummeted below 2030 and subsequently rallied all the way back – closing strongly […]

Stock market today 9th November 2016 – pre-open from Chartprofit ES analysis: There was extreme volatility overnight as ES plummeted below 2030 as the election result became clear. However a rally back of more than 4% leaves ES printing back above 2087.00, the major poc. If price prints time (a Value Area for position traders) […]

Stock market today 8th November 2016 – pre-open from Chartprofit ES analysis: The major poc at 2087 has held as Support and Monday’s session generated a higher Value Area up from that level. Aggressive Buying (green-at-top) was marked for the first time in 33 days as ES approaches the First Level Resistance at 2133. In […]

Stock market today 7th November 2016 – pre-open from Chartprofit ES analysis: Please read previous comments on graphic. Friday’s session generated an overlapping/lower Value Area and the major poc at 2087 was tested again but we have not yet seen a Value Area generated entirely below that level. This gives us the possibility that ES […]

Stock market today 3rd November 2016 – pre-open from Chartprofit ES analysis: Please read previous comments on graphic. Little to add to previous comments. Wednesday’s session generated an “inside” Value Area but the major poc at 2087 was tested. Price printing time below that level would be a very weak price location. Key charts IWM […]