Daily analysis - Stock Market, Bonds, Forex and more
Friday 4th October Value Areas on Wednesday and Thursday were generated below 2927, the 15mn poc. This is weak location. Bulls would want to see that level recovered as soon as possible. Stocks>50dyma numbers: Nyse 40% (from 38%), Nasdaq 35% … [Continue reading]
emini 3rd October 2019 - pre-open from ChartProfit Tuesday's Value Area was generated below 2976, the minor (6week) poc and we noted that was "weak ST price action". Wednesday's VA was generated below 2927, the more important (15mn) poc. That is … [Continue reading]
Short Term: the minor (6week) poc has migrated to 2976. In the short-term price relative to this level is important to monitor at the start of this week. Pre-open today ES prints below that level. Longer Term: Since 4th September Value Areas have … [Continue reading]
ChartProfit Chart Book - week ending 27th September 2019 … [Continue reading]
Friday 27th September Short Term: Thursday's session generated an overlapping Value Area but not a significant rally after Wednesday's decline. The short term Resistance is at 3000.50, (1 month poc) and until ES prints time above this level it is … [Continue reading]
Thursday 26th September Short Term: Early in Wednesday's session Tuesday's session low was tested and ES rallied. The short term Resistance is at 3000.50, (1 month poc) and until ES prints time above this level it is wise to assume the bias is … [Continue reading]
emini SP500 - Tuesday 24th September - after close Short Term: In today's session ES opened above 3000.50, the 1 month poc and then immediately sold off breaking below Friday's red-at-bottom low and below the low of the most recent Aggressive Buying … [Continue reading]
emini 24th September 2019 - pre-open from ChartProfit The 1month poc moved higher at the end of last week to 3000.50. That level was probed late in Monday's session, see chart, following an early rejected test of Monday's red-at-bottom low. … [Continue reading]
emini 23rd September 2019 - pre-open from ChartProfit The 1month poc moved higher at the end of last week 3000.50. Aggressive Selling (red-at-bottom) was marked on Friday and ES finished the week below that level in a ST weak position. Since 4th … [Continue reading]
