Daily analysis - Stock Market, Bonds, Forex and more
emini 6th March 2020 - pre-open from ChartProfit ES turned down from the 1/2R Resistance at 3125.50, dashed line, see highlighted comments. Thursday's Value Area was generated entirely below the minor poc at 3049.50, see yesterday's highlighted … [Continue reading]
emini 5th March 2020 - pre-open from ChartProfit ES has had a problem with the 1/2R Resistance at 3125.50, dashed line, see Wed highlighted comments. It is always important to watch the 1/2R from a high, in a down trend the first rally often fails … [Continue reading]
S&P emini 4th March 2020 - pre-open from ChartProfit An early probe yesterday of the 1/2R Resistance at 3125.50, dashed line, was rejected and ES sold off - see yesterday's highlighted pre-open comments. You can see from the chart how ES is … [Continue reading]
S&P 500 emini 3rd March 2020 from ChartProfit ES tested the 2year poc Support at 2887 on Friday and has rallied from there. It is critical that the Support holds. A Value Area generated below that level would be a negative in the longer … [Continue reading]
S&P 500 emini - 2nd March 2020 see previous highlighted comments. Aggressive Selling (red-at-bottom) was marked three times in last week's severe sell-off. The 2year poc at 2887 has been tested and Bulls would want to see that hold, or quickly … [Continue reading]
ChartProfit Chart Book - week ending 28th January 2020 … [Continue reading]
As you are aware, the markets have experienced a severe decline this week as fear over the spread of the coronavirus has caused a panic. European markets are down more than 12% this week and the U.S. is down more than 13%. The U.S. reached a new … [Continue reading]
S&P 500 emini 26th February 2020 There was a brief probe of the 3228 poc immediately after the open on Tuesday but that was rejected and ES sold off sharply once again, see yesterday's pre-open comments, highlighted on chart. Aggressive Buying … [Continue reading]
S&P 500 emini 25th February 2020 With yesterday's price action, the 5mn poc migrated to 3228.0. It is now extremely important to watch price relative to this level. Pre-open ES prints above the poc but time below it would be a negative … [Continue reading]
S&P 500 emini 24th February 2020 - pre-open from Chartprofit ES has declined sharply overnight and has tested the Support at 3249.0, the 4mn poc. As I have been writing, "First sign of LT weakness would be Effective Selling marked below that … [Continue reading]