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emini SP500 28th Oct 2020

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See previous highlighted comments on chart. Overnight ES has broken below the 3366.50 controlling price and declined sharply, below 3320. Sentiment: My version of the Rydex Assets Ratio was slightly lower at 15.83. The ratio reached 17.14 on … [Continue reading]

emini SP500 27th Oct 2020

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I wrote pre-open yesterday that price relative to 3435.5 (the 1 mn controlling price) was important to monitor, see highlighted comments on chart. The entire session was spent below that level in a weak position and the important poc Support at … [Continue reading]

SP500 emini 26th Oct 2020

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The 1 mn controlling price is at 3435.5. Price relative to this level is important to monitor at the start of this week, above/below = strong/weak, especially as the distribution that this poc relates to looks complete or close to completition which … [Continue reading]

emini ES 23rd Oct 2020

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A Value Area generated above 3435.5 (1mn poc) would be welcome, see yesterday's highlighted comments on chart. Even better, would be Significant Buying (green) marked above that level. There is Support at 3387, the 1/2R off September high and price … [Continue reading]

emini ES 22nd Oct 2020

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The minor (1mn) controlling price has shifted down to 3435.5. Important for Bulls that ES holds this level. Time below that migrated poc would not be strong price action. Bulls would wantto see Significant Buying (green) marked above that level. … [Continue reading]

emini ES 21st Oct 2020

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Value Areas on Monday and Tuesday have been generated below 3479.0, the minor (12day) controlling price, see Monday's highlighted comments on chart. Aggressive Selling (red) was marked on Monday. This is a weaker position in the ST. I'd want to see … [Continue reading]

emini in weaker position today

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Monday's VA was generated below 3479.0, the minor (11day) controlling price, see yesterday's highlighted comments, and Aggressive Selling (red) was marked. This is a weaker position in the ST. There is Support at 3387, the 1/2R off September high and … [Continue reading]

emini SP500 19th Oct 2020

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Friday's VA was generated above 3479.0, the minor (10day) controlling price, see Freiday's highlighted comments. Price relative to that level could be useful to monitor at the start of this week, above/below = strong/weak. Currently, pre-open, ES is … [Continue reading]