On Monday the emini Support at 2087 was broken. This is the first Significant emini Selling since 05/17 and it comes after ES reached the distribution extreme around 2120 last week. I marked Aggressive Selling (red-at-bottom). This was below 2087, the maj poc, but the Value Area wasn’t generated entirely below that level. Time printed […]

The S&P 500 emini is today back at important Support at the start of the week. There was no Significant Buying or Selling marked last week but the S&P emini target at 2120 was reached (actually 2119.75) and there followed a sell-off late in the week back towards the major Support at 2087. Significant Selling […]

Buyers were active intraday on Thursday but a lower, wider Value Area was generated on above average volume. In the ST that’s not a strong pattern. Pre-open today ES has printed below 2100. In the pre-open Wednesday I wrote “We’re close to the 2120 target and I’m interested to see if Sellers will React”. Although […]

The emini SP500  major poc as measured on a thirty minute time-frame has migrated to 2087. emini SP500 analysis: As you know I measure the poc levels on various time-frames. Mainly five minute charts (ST) and Daily charts (LT). Checking the thirty minute time-frame I have found that the major poc migrated to 2087 last […]

ES analysis indicates that on Tuesday intraday Sellers were active but ineffective. ES analysis: Ineffective because ES still managed to generate a higher Value Area. The high of the session came in at 2118.00. We’re close to the 2120 target and I’m interested to see if Sellers will React. Price acceptance (time) at this level […]

On Monday SPY (S&P500 ETF) exceeded its April and November highs to close at the highest level since July last year. The strength in SPY was also seen in ES which generated a higher Value Area, above the range of the last seven days. First Level ES Support can be moved to 2093.50, the very […]

emini S&P back at the April high The emini S%P 500 future is today printing close to the high it set in April which was the high of the rally off the February low. emini analysis: Last week Significant Buying was marked twice. Significant Selling has not been marked for twelve days. Although Buyers have […]

IWM, the Russell 2000 ETF closed above 115.35, its major poc which puts this key chart in a much stronger position. Key Charts: IWM closed above 115.35 (maj poc). emini analysis: Early in Thursday’s session ES briefly tested 2089, the 10day poc (dashed), see yesterday’s comments. This was rejected and there was a strong auction […]

Stock market report pre-open 2nd June 2016 Chartprofit Wednesday generated another overlapping Value Area with a low. ES is currently in a strong price location and this higher range, 2085-2095 has not yet attracted Significant Selling (which has not been marked for ten days). Dayframe: The v minor poc (10day) poc has moved to 2089.00. […]

Stock market report pre-open 1st June 2016 Chartprofit Please read yesterday’s highlighted comments – these are still valid. Tuesday generated an overlapping, “outside” Value Area with a low at 2086 which was previously a 3 month poc. ES is currently in a strong price location and this higher range, 2085-2095 has not yet attracted Significant […]