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A Value Area generated entirely below 4340 (1mn poc) would be the first sign of weakness on the longer timeframe. Friday's VA didn't quite do it but today's might. Next level of important Support is 4163 (6mn). Sentiment: On 8th July, my version … [Continue reading]
ChartProfit Chart Book – week ending 16th July 2021 … [Continue reading]
I wrote that a RTH close below 4354.75, the low of Monday's Buying Day (dashed), would be the first indication of weakness. Thursday's RTH close was below that level (just) but again the Value Area on Thursday (like the previous four) was printed … [Continue reading]
Last three Value Areas have been generated entirely above 4340 (1mn poc). ES is in a strong position if it prints above that level. Aggressive Buying (green) was marked on Monday. A RTH close below 4354.75, the low of that Buying Day (dashed), would … [Continue reading]
Last three Value Areas have been generated entirely above 4340 (1mn poc). ES is in a strong position if it prints above that level. Aggressive Buying (green) was marked on Monday. A RTH close below 4354.75, the low of that Buying Day, would be the … [Continue reading]
Value Areas on Friday and Monday were generated entirely above 4340 (1mn poc). ES is in a strong position if it prints above that level. Aggressive Buying (green) was marked again on Monday. A RTH close below 4354.75, the low of that Buying Day, … [Continue reading]
Thursday’s RTH close was below 4318.50, the low of Friday’s Buying Day, (dashed). Mechanically that meant I needed to see Significant Buying (green) marked again before I could look at new longs again. On Friday ES recovered strongly and Significant … [Continue reading]
ChartProfit Chart Book – week ending 9th July 2021 … [Continue reading]
ST (trading): Thursday's RTH close was below 4318.50, the low of Friday's Buying Day, (dashed). Mechanically that means I need to see Significant Buying (green) marked again before I can look at new longs. In the LT (investing), the 4mn Support is … [Continue reading]
Overnight there has been a sell-off with ES printing below 4300 pre-open. A RTH close below the low of Friday's Buying Day, 4318.50 (dashed), would be the first sign of weakness on the minor time-frame. Sentiment: My version of the Rydex Assets … [Continue reading]