emini analysis 3rd August 2016 pre-open from Chartprofit Early in Tuesday’s session ES rejected price above the 2mn poc (2160.50) and sold off. The entire Value Area was printed below that level and this puts the chart in a ST weak price location. As long as chart hold the Major poc at 2087 it is […]

Stock market report 1st August 2016 – pre-open from Chartprofit ES analysis: From mid-July ES ranged for eleven days between 2150 and 2170. Monday through Thursday last week almost all price action took place above 2156, the minor poc. On Friday that poc (now 2month) migrated to 2160 and ES needs to hold that level […]

Stock market report pre-open 25th July 2016 Chartprofit Friday’s session generated another Value Area above the minor poc at 2156, see Friday’s highlighted comments. Momentum and Breadth are positive and as long as ES holds above 2156 it is in a strong price location. The market looks stretched now and time printed below 2156 would […]

Chartprofit emini analysis pre-open Friday 22nd July On Thursday I marked Significant Selling (red) for the first time in eighteen days. This is not Effective Selling because the Value Area was generated above the minor poc at 2056. Buyers have auctioned ES higher looking for Sellers and have now seen that (so far) their activity […]

Pre-open emini analysis Thursday 21st July Wednesday’s session generated a higher Value Area, albeit narrow on low volume. The whole session was printed above 2156 (minor poc) see yesterday’s comments. Price printing back below that level would be the first sign of weakness. In the LT as long as price is above 2087 (major poc) […]

Chartprofit pre-open emini analysis Wednesday 20th July Dayframe: Tuesday’s session generated another Value Area between 2150 and 2162. The minor (18day) poc is now at 2156.00. Price relative to this level could be useful as a guide to ST strength/weakness today. Significant Selling has not been marked for fifteen days. Until Significant, Effective Selling (red) […]

Pre-open Stock market report from Chartprofit 19th July 2016 Dayframe: Monday’s session generated another Value Area between 2150 and 2162. Enough time was spent in this area of price to lift the very minor (10day) poc to 2158.00. Price relative to 2158 could be useful as a guide to ST strength/weakness today. Significant Selling has […]

Chartprofit pre-open Stock market report 18th July 2016 ES (emini S&P 500 future) generated a lower/overlapping Value Area on Friday. Every day last week the intraday bias numbers indicated that Sellers were most active and yet their activity so far has been ineffective in the ST. See Friday’s, highlighted, comments on the graphic. Until Significant, […]

Pre-open Stock Market Report Friday 15th July 2016 In Thursday’s Stock Market Report I wrote that “we should continue to assume that the Buyers are in control”. This is because there is currently no indication of Effective Selling activity on any timeframe. On days when Aggressive Buying (green-at-top) is marked, the intraday bias numbers are […]