
See yesterday's note, highlighted on chart. Support at 6952 (minor Control). Minor Resistance at 7008.0 - time above that level would be a positive. read this post on Substack … [Continue reading]
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Posted on Written by Chart Prophet

See yesterday's note, highlighted on chart. Support at 6952 (minor Control). Minor Resistance at 7008.0 - time above that level would be a positive. read this post on Substack … [Continue reading]
Posted on Written by Chart Prophet

I wrote on 01/08 that a rejected test of 6952 could set up a rally. There was a brief, rejected test of that Support overnight on Monday (see second chart) and ES has rallied strongly. Proven Support now at 6952 and time below that level going … [Continue reading]
Posted on Written by Chart Prophet

Overnight the minor Control at 6952 was briefly tested and rejected. Bulls would want that Support to hold - time below 6952 would be ST negative. First mechanical indication of weakness would be a RTH close below 6945.5 (dashed), Tuesday's … [Continue reading]
Posted on Written by Chart Prophet

I wrote yesterday 'I'm monitoring price relative to the minor Control at 6952' and 'a rejected test of that level could set up a rally'. You can see from the chart that there was clear Support right there during yesterday's RTH, but this did not … [Continue reading]
Posted on Written by Chart Prophet

I'm monitoring price relative to the minor Control at 6952 and the major Control at 6906. Time below the minor would indicate a test of the major. Pre-RTH today ES prints just above 6952. A rejected test of that level could set up a rally. … [Continue reading]
Posted on Written by Chart Prophet

I wrote yesterday 'enough time was spent at 6952 to lift the minor Control back to that level - this is now the level to monitor in the ST…Can ES build time above that level? imo that would confirm the indication higher'. See the chart - clear … [Continue reading]
Posted on Written by Chart Prophet

I wrote yesterday 'Resistance (1mn) has migrated to 6930.5 and time above that level would be a stronger position and indicate higher'. You can see on the chart that ES opened just above that level and Monday's Value Area was generated entirely above … [Continue reading]
Posted on Written by Chart Prophet

On 12/31, pre-RTH, I wrote 'Unless time can be printed back above 6952 I would anticipate a test of the overnight low (6922.25) - 6912 would be a ST target'. ES opened RTH below 6952, see chart, and declined - Significant Selling (red) was … [Continue reading]
Posted on Written by Chart Prophet

I wrote yesterday 'ES is in a ST weak position if it prints below 6955 (dashed line) and would indicate a test of 6930, minimum. Time above 6955 would indicate higher'. During Tuesday's RTH there were two brief test/rejections of 6955 and the … [Continue reading]
Posted on Written by Chart Prophet

Minor Control migrated to 6955. ES is in a ST weak position if it prints below that level and would indicate a test of 6930, minimum. Time above 6955 would indicate higher. Major Support at 6906. read this post on Substack and subscribe … [Continue reading]