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The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. That was a possibility on Thursday but didn't happen. A RTH close above 4450, Wednesday's high, would negate any ST implications of that … [Continue reading]

I've been writing that "First sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control". That was a possibility yesterday but didn't happen. Significant Selling (red) was marked for the first time in 42 days … [Continue reading]

First sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. Significant Sellers (red) have not been marked for 41 days. Tuesday's RTH found Resistance at 4453.50, the 6dy control, see yesterday's … [Continue reading]

First sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. Significant Sellers (red) have not been marked for 39 days. Aggressive Buying (green) was marked on Thursday. A RTH close below the low of … [Continue reading]

08/04 RTH found Support at 4391.50 (the 2mn controlling price). Value Areas since then have been generated above that level - I've been writing that that's an indication of strength. First sign of weakness in the LT would be a Value Area printed … [Continue reading]