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FTSE 100 closes in a weak position

Posted on December 7, 2018 Written by Chart Prophet

This week the FTSE has tested 6820, the maj poc. It recovered intra-day today but closed below it in a weak position. Critical that FTSE recovers this level. … [Continue reading]

IWM in weak location

Posted on December 7, 2018 Written by Chart Prophet

This week the 3year migrated to 153.50 and IWM prints below it in a weak position. … [Continue reading]

TLT at Resistance

Posted on December 7, 2018 Written by Chart Prophet

TLT has probed First Level Resistance this week - the 6mn at 118.50 … [Continue reading]

SPY remains in weak position

Posted on December 7, 2018 Written by Chart Prophet

If SPY is printing below 271.70, the 18mn poc. It is in a weak position. … [Continue reading]

Oil bounces back to Resistance

Posted on December 7, 2018 Written by Chart Prophet

USO has reached the 11.41 Major Resistance today. Oil moving into a stronger position would be a positive for stocks. Why? See chart below. … [Continue reading]

emini futures 7th December 2018 – pre-open

Posted on December 7, 2018 Written by Chart Prophet

emini futures 7th December 2018 - pre-open from Chartprofit Pre-open on Monday there was a rejected probe above 2808, the 12mn VAH. On Tuesday there was a large sell-off which saw ES back below 2718, the major poc. Early in Thursday's session there … [Continue reading]

emini futures 6th December 2018 – pre-open

Posted on December 6, 2018 Written by Chart Prophet

emini futures 6th December 2018 - pre-open from Chartprofit Pre-open on Monday there was a rejected probe above 2808, the 12mn VAH and in Tuesday's session there was a large sell-off which saw ES back below 2718, the major poc. Aggressive Selling … [Continue reading]

emini futures 5th December 2018 – pre-open

Posted on December 5, 2018 Written by Chart Prophet

emini futures 5th December 2018 - pre-open from Chartprofit Pre-open on Monday there was a rejected probe above 2808, the 12mn VAH and in Tuesday's session there was a large sell-off which saw ES back below 2718, the major poc. Aggressive Selling … [Continue reading]

emini 4th December 2018 – pre-open

Posted on December 4, 2018 Written by Chart Prophet

emini 4th December 2018 - pre-open from Chartprofit Last week I marked Aggressive Buying (green-at-top) three times. Value Areas on Thursday through Monday were printed entirely above 2718, the major poc. That put ES back in a strong position. … [Continue reading]

emini reaches VAH again

Posted on December 3, 2018 Written by Chart Prophet

I should have mentioned in the pre-open that the 12mn VAH was at 2808. Price acceptance (time) around this level would be a positive but unless the major controlling price migrates from 2718, this level (2808) could well represent Resistance again. … [Continue reading]