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Last two Value Areas have been generated below 3519.0, the minor poc. I wrote yesterday that "Price relative to that level could be useful to monitor in the ST, above/below = strong/weak". Stocks>50dyma Nyse 58% (from 60%), Nasdaq 62% (from … [Continue reading]
The v minor poc (7day) has migrated to 3519.0. Price relative to that level could be useful to monitor in the ST, above/below = strong/weak. Significant Selling (red) marked below that level would mindicate a test of First Level Support at … [Continue reading]
The last five Value Areas have been generated above the 3387 Resistance, dashed line, see highlighted comments from 10/01. Buyers back in control from 10/07. First Level Support is 2287, (1/2R). Stocks>50dyma Nyse 67% (from 64%), Nasdaq 73% … [Continue reading]
The last four Value Areas have been generated above the 3387 Resistance, dashed line, see highlighted comments from 10/01. Buyers back in control from 10/07. First Level Support is 2287, (1/2R). Stocks>50dyma Nyse 64% , Nasdaq 70%, R2000 65%. … [Continue reading]
ChartProfit Chart Book - week ending 9th October 2020 … [Continue reading]
The last three Value Areas have been generated above the 3387 Resistance (dashed line) and, as I wrote a week ago, a VA above that level would be confirmation that Buyers are back in control, see highlighted comments. Bulls would want to see that … [Continue reading]
Wednesday's Value Area was printed above the 3387 Resistance (dashed line) which, as I wrote a week ago, would be confirmation that Buyers are back in control, see previous, highlighted comments. Bulls would want to see that Support hold, but … [Continue reading]
Most of Tuesday's session was spent above the 3387 Resistance (dashed line). Unfortunately, late in the day there was a sharp sell-off on news and ES closed below the 3370.50 poc, which is a weaker position. The session close was also below the low … [Continue reading]
Last week's high came in at the 3387 Resistance (dashed line) but that has now been exceeded. Monday's Value Area was generated above the 3370.5 poc and Aggressive Buying was marked. These are all positives. A Value Area above 3387 would be the next … [Continue reading]
Last week's high came in at the 3387 Resistance (dashed line). Pre-open Thursday I wrote "A Value Area above 3387 would be the next positive to look for and confirm the Buyers are back in control", (highlighted above). This clearly hasn't happened … [Continue reading]