
First Support (1 month) moved up to 5771.50. Time below that level would be first sign of weakness. As I wrote on Tuesday, 'Price above 5830 though and the trend might start to get exhausted'. … [Continue reading]
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Posted on Written by Chart Prophet
First Support (1 month) moved up to 5771.50. Time below that level would be first sign of weakness. As I wrote on Tuesday, 'Price above 5830 though and the trend might start to get exhausted'. … [Continue reading]
Posted on Written by Chart Prophet
On Thursday I wrote that First Support is at 5696 (Dec contract). As long as ES holds that level I said that further upside would be indicated. Price above 5830 though and the trend might start to get exhausted. … [Continue reading]
Posted on Written by Chart Prophet
On Tuesday I wrote, It is now important for Bulls that ES recovers 5635 but time above that level would indicate further upside. That was based on the Sep contract and ES is printing above that level in a stronger position. For the Dec contract … [Continue reading]
Posted on Written by Chart Prophet
Development - as of Friday the 5mn Control has moved to 5635. Following that development, upside targets are less clear or reliable, and best Support I have is back at the 1/2R at 5420. It is now important for Bulls that ES recovers 5635 (pre-RTH ES … [Continue reading]
Posted on Written by Chart Prophet
LT - if the Control at 5534 holds then I'm targeting 5770.ST - today, ES may want to retest the v minor Support at 5569.50 but if it breaks early above 5618 then previous Resistance at 5635 could be tested again. Price printing time above that level … [Continue reading]
Posted on Written by Chart Prophet
error in yesterday's note 19th August I wrote that I was targeting 5790. The target was updated in yesterday's note but there was a typo. I wrote: the Control (5mn) has migrated to 5534 - this is now First Support and as long as that level … [Continue reading]
Posted on Written by Chart Prophet
On Wednesday there was a brief test of the 1/2R Support at 5420 and ES then rallied strongly, see note 09/05. The Resistance at 5523 was then recovered, see note 09/09. Even more importantly, the Control (5mn) has migrated to 5534 - this is now First … [Continue reading]
Posted on Written by Chart Prophet
Still looking for 5523 to be recovered before considering new longs - unless the minor Control migrates lower from that level. That would take time. Watching for that. … [Continue reading]
Posted on Written by Chart Prophet
Early in Friday's RTH there was a rejected probe of First Resistance at 5523, see Friday's note. ES declined quickly from there to test 5420, the First Significant Support, see Thursday's note. There has been a bounce above 5460 overnight. I need to … [Continue reading]
Posted on Written by Chart Prophet
ES probed First Resistance at RTH Open. Immediately rejected. as I wrote yesterday 'Price action this week has not been great'. I want to see 5523 recovered (at a minimum) before looking at new longs. … [Continue reading]