Daily analysis - Stock Market, Bonds, Forex and more
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]
from 31st Jan: "The 4month Support at 323.0 was tested at the end of the week. Bulls would want to see this level recovered quickly." That level was recovered quickly and SPY rallied. 323 is First Level Support. Chart updated. … [Continue reading]