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ChartProfit Chart Book 19th June 2020

Posted on June 21, 2020 Written by Chart Prophet

ChartProfit Chart Book - week ending 19th June 2020 … [Continue reading]

SP500 emini Support level moves higher

Posted on June 19, 2020 Written by Chart Prophet

I wrote that "my hunch is that a controlling price will emerge between the high on 06/08 and the low on 06/15." That has now happened with the 8month migrating to 3106.5, see chart. Today ES is printing above that level in a strong position. This is … [Continue reading]

SP500 emini 18th June 2020

Posted on June 18, 2020 Written by Chart Prophet

Overnight on Monday our First Level Support at 2926 was tested and immediately rejected. Support levels are proving themselves in this uptrend which is an encouraging sign. On Tuesday, the previous Thursday's Selling Day high was exceeded and that … [Continue reading]

emini 17th June 2020

Posted on June 17, 2020 Written by Chart Prophet

Aggressive Selling was marked on Thursday and that red-at-bottom low was retested on Friday. Overnight on Monday our First Level Support at 2926 was tested and immediately rejected. Support levels are proving themselves in this uptrend which is an … [Continue reading]

emini SP500 close to Support

Posted on June 15, 2020 Written by Chart Prophet

emini pre-open 15th June 2020 Aggressive Buying (green-at-top) was marked on Monday 06/08. Wednesday's day-session close was below Monday's low (dashed line) which was a first sign of weakness, see last Tuesday's highlighted comments. ES fell … [Continue reading]

ChartProfit Chart Book 12th June 2020

Posted on June 14, 2020 Written by Chart Prophet

ChartProfit Chart Book - week ending 12th June 2020 … [Continue reading]

Late Buyers were punished

Posted on June 12, 2020 Written by Chart Prophet

Late Buyers were punished Aggressive Buying (green-at-top) was marked on Monday. Wednesday's day-session close was below Monday's low (dashed line) which was a first sign of weakness, see Tuesday's highlighted comments. When Aggressive Buyers … [Continue reading]

First technical sign of weakness

Posted on June 11, 2020 Written by Chart Prophet

Wednesday's day-session close indicated a first technical sign of weakness. Aggressive Buying was marked Monday. Wednesday's day-session close was below Monday's low (dashed line), see Tuesday's highlighted comments on chart. Overnight ES has … [Continue reading]

Stocks flat today as investors wait to hear from the Fed

Posted on June 10, 2020 Written by Chart Prophet

Stocks are flat or lower today. Investors are waiting for Fed Chairman Powell’s news conference after central bank concludes its two-day meeting. Aggressive Buying (green-at-top) was marked on Monday. First sign of weakness would now be a day … [Continue reading]

emini SP500 9th June 2020

Posted on June 9, 2020 Written by Chart Prophet

On the SP500 chart I marked Aggressive Buying (green-at-top) on Monday. First sign of weakness would now be a day session close below 3193.50, Monday's low (dashed line). First Level Support is at 2926.0, the 2yr poc. The most important Support is at … [Continue reading]