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Five Value Areas generated above the 1month Support at 3898. A strong position as long as ES holds that level. More important LT Support is at 3831. Stocks>50dymaNyse 84% (from 83%), Nasdaq 73% (from 73%), R2000 82% (unch). Numbers >50 are … [Continue reading]
Four Value Areas generated above the 1month Support at 3898. A strong position as long as ES holds that level. More important LT Support is at 3831. Stocks>50dymaNyse 83% (from 84%), Nasdaq 73% (from 75%), R2000 82% (from 84%). Numbers >50 … [Continue reading]
Three Value Areas generated above the 1month Support at 3998. That's a strong position and ES has moved higher in RTH today. Stocks>50dyma Nyse 84% (from 83%), Nasdaq 75% (from 74%), R2000 84% (from 85%). Numbers >50 are … [Continue reading]
The minor (1month) Support is at 3898. Value Areas on Thu and Fri were generated entirely above that level which means ES is in a strong position if it holds. 2month Support is at 3831. ES needs to hold that price to maintain a strong position in … [Continue reading]
ChartProfit Chart Book - week ending 12th March 2021 … [Continue reading]
The Resistance at 3907 is no longer valid. The minor poc has now migrated slightly lower to 3898 and in the dayframe this is Support. Thursday's Value Area was generated entirely above that level which means ES is in a strong position if it … [Continue reading]
Early last week there was a rejected probe of the 1mn Resistance at 3907. This is still valid Resistance and was probed again on Wednesday. 2month Support is at 3831. ES needs to hold that price to maintain a strong position. Stocks>50dyma Nyse … [Continue reading]
Early last week there was a rejected probe of the 1mn Resistance at 3907. This is still valid Resistance. 2month Support is at 3831. ES needs to hold that price to maintain a strong position. Stocks>50dyma Nyse 76% (from 73%), Nasdaq 65% … [Continue reading]
Early last week there was a rejected probe of the 1mn Resistance at 3907. This is still valid Resistance. Important to note that the 2mn has migrated higher to 3831. This is the level to focus on now and is First Support. ES needs to hold that … [Continue reading]
Early last week there was a rejected probe of the 1mn Resistance at 3907, see arrow on chart. ES declined from there and on Thursday broke the Support at 3797. However, on Friday ES recovered that Support which needs to hold if ES is to maintain a … [Continue reading]