Stock market today 2nd November 2016 – pre-open from Chartprofit ES analysis: Please read previous comments on graphic. Tuesday’s session generated a lower, wider Value Area and Aggressive Selling (red-at-bottom) was marked. There is Support at 2087, the major poc. Price below that level would be a very weak price location. Key charts IWM and […]

Stock market today 1st November 2016 – pre-open from Chartprofit ES analysis: Monday’s session generated a narrow “indside” Value Area and the following notes are unchanged from yesterday. Thursday’s session opened, touched 2124.25 (1/2R off Aug high) and immediately sold off, see chart. This is a weak pattern. Friday’s session saw an early, rejected, probe […]

Stock market today 31st October 2016 – pre-open from Chartprofit ES analysis: See previous comments. Thursday’s session opened, touched 2124.25 (1/2R off Aug high) and immediately sold off, see chart. This is a weak pattern. Friday’s session saw an early, rejected, probe above 2133 (2month poc). So price action on Thursday and Friday relative to […]

Stock market today 28th October 2016 – pre-open from Chartprofit ES analysis: See previous comments. Wednesday’s session opened, touched 2124.25 (1/2R off Aug high) and immediately sold off, see chart. This is a weak pattern. An overlapping Value Area was generated with most time spent close to 2133 once again. Price relative to this level […]

Stock market today 27th October 2016 – pre-open from Chartprofit ES analysis: See previous comments. Tuesday’s session opened lower and recovered, generating a lower Value Area centred around 2133.00, the current 2mn poc. It’s been 23 days since I last marked Significant Buying or Selling which indicates a lack of directional commitment and ranging activity. […]

Stock market today 26th October 2016 – pre-open from Chartprofit ES analysis: Mondays’ Value Area was higher but narrower on low volume which is not normally ST positive. That’s why I wanted to see if Tuesday could also hold above 2142.50 before I made assumptions about strength, even minor, see yesterday’s highlighted comments. Tuesday’s session […]

Stock market today 25th October 2016 – pre-open from Chartprofit ES analysis: see previous, highlighted, comments. Monday’s session generated a Value Area entirely above the 2142.50 Resistance. If ES can hold above this level today as well it will be the first minor sign of strength. Sighnificant Buying (green) marked above this level would be […]

Stock market today 24th October 2016 – pre-open from Chartprofit ES analysis: There is a lack of directional commitment right now with no Significant Buying or Selling (green/red) being marked for twenty days. The 1/2R off Aug high at 2142.50 rejected two probes recently, see chart, but pre-open today ES is again probing this level. […]

Stock market today 21st October 2016 – pre-open from Chartprofit ES analysis: There is a lack of directional commitment right now with no Significant Buying or Selling (green/red) being marked for nineteen days. However, the 1/2R off Aug high at 2142.50 has been a problem again this week, see chart, and unless ES can print […]

Stock market today 20th October 2016 – pre-open from Chartprofit ES analysis: ES responded well to our levels on Wednesday. The session low came in at the minor (10day) poc and the high at our First Level Resistance, see previous comments. I have not yet marked Significant Selling but at current levels I am not […]