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Small caps at 12 month high

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Small caps at 12 month high – IWM reaches highest level since since 17th July last year. Market recovered from early weakness yesterday with Small caps as represented by the Russell 2000 reaching a new twelve month high. ES analysis: Wednesday’s session exceeded Tuesday’s green-at-top high (80% reliability). Following an early sell-off ES recovered and […]

Stock Market 25th August 2016

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Stock Market 25th August 2016 – pre-open from Chartprofit On Wednesday I marked Aggressive Selling (dayframe) for the first time in 24 days. In the longer time frame this is Reactive Selling – the Value Area was generated entirely above the 2177.50 poc. Time spent below that level would be a negative especially if Significant […]

emini analysis 2nd August 2016

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emini analysis 2nd August 2016 pre-open from Chartprofit Monday’s session generated a lower Value Area but the session low came in with a test of First Level Support (2160.50), see yesterday’s highlighted comments. Overnight there has been a further test of that Support. Price printing time below that level would be a sign of minor […]

SPY Pulse Chart in better shape

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SPY Pulse Chart in better shape Price momentum for the SPY Chart is currently positive and heading higher, see CP Price Osc indicator.  Breadth has also improved recently, see green bar in the middle section of the graphic.  As long as SPY holds the Time Support at 205.40 it is in a strong price location. click […]

S&P 500 e-mini futures pre-open analysis Wednesday 25th May

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The major poc for the S&P 500 e-mini has just migrated to 2054.50 and for SPY it is now 205.40. These levels are now major Support for these charts. Price below these points would indicate weakness but currently both charts are in a strong price location. Please read previous highlighted comments on graphic. ES opened […]

Technical Analysis – Market pre-open 5th January 2016

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Technical Analysis – Market pre-open 5th January 2016 The market opened sharply lower on Monday. Buyers were active intraday and auctioned ES to a close near the high of the session. Overnight ES printed above 2015 and then fell back below 1995. Pre-open there has been a climb back. Breadth numbers are weak and price […]