emini 17th August 2017 – pre-open from Chartprofit
Dayframe: minor Dayframe Support (35day poc) is at 2815. On Wednesday ES tested this Support but closed the day session back above it. Thursday generated a higher Value Area. First sign of dayframe weakness would be price printing time below 2815, e.g. a Value Area entirely below that level.
2772 remains First Level Support in the longer timeframe.
First Level Support = 2772 (minor poc)
Second Level Support = 2718.00 (12mn poc)
Stocks>50dyma numbers: Nyse 51.3% (from 47%), Nasdaq 47.5% (from 45%), R2000 51.7% (from 47%).
Sentiment: My version of the Rydex Assets Ratio was almost unchanged at 22.22. The highest ratio in the database is 27.55 recorded on 01/30.
Other charts: see today’s video
