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IWM reaches Major VAH

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IWM chart

IWM has reached 158, the Value Area High. Price will often be rejected at a major VAH. This hasn't happened yet. Acceptance (time) at this level would be a bullish indication. In any case, as long as SPY holds above 153.50 it is in a strong location. … [Continue reading]

Filed Under: IWM

Spyder reaches Value Area High

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SP500 chart

SPY has reached the 18mn Value Area High at 281. Price will often be rejected at a major VAH. This hasn't happened yet. Acceptance (time) at this level would be a bullish indication. In any case, as long as SPY holds above 272.49 it is in a strong … [Continue reading]

emini 1st March 2019 – pre-open

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emini futures

emini 1st March 2019 - pre-open from Chartprofit During Wednesday’s session ES very briefly tested 2777.00, the minor (18day) Support, see previous, highlighted comments. Has rallid from there. Pre-open today ES is printing above … [Continue reading]

emini 27th February 2019 – pre-open

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emini futures

emini 27th February 2019 - pre-open from Chartprofit As long as ES holds above 2718, the major poc, it is in a strong LT position. The minor Support is at 2777.00 (17day poc). Price relative to this minor poc is worth monitoring in the ST, i.e. … [Continue reading]

emini 26th February 2019 – pre-open

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emini futures

emini 26th February 2019 - pre-open from Chartprofit The last nine value Areas have been printed entirely above 2718, the major poc. ES is in a strong LT position if it can hold this Support. The minor Support is at 2777.00 (16day poc). Price … [Continue reading]