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TLT at Resistance

Posted on December 14, 2018 Written by Chart Prophet

the Resistance at 118.50 has not been convincingly exceeded. … [Continue reading]

Dollar Index has probed the November high.

Posted on December 14, 2018 Written by Chart Prophet

Dollar Index has probed the November high. … [Continue reading]

DAX held Support this week

Posted on December 14, 2018 Written by Chart Prophet

4 year Support at 10672 has held this week. Price below that level would be a weak position. … [Continue reading]

FTSE needs to hold 6820

Posted on December 14, 2018 Written by Chart Prophet

FTSE needs to hold 6820, maj poc, next week or 6580 becomes target. … [Continue reading]

OIL (USO) remains in a weak position

Posted on December 14, 2018 Written by Chart Prophet

OIL (USO) remains in a weak position … [Continue reading]

Retail investors get nervous

Posted on December 14, 2018 Written by Chart Prophet

AAII (public poll). Bulls% was sharply lower at 20.9%, the lowest since June 2016. Bears% spiked higher to 48.9%, the highest since April 2013. The 4wm ma of nett (Bulls minus Bears) is at -12.0, the lowest since Feb 2016. … [Continue reading]

Massive outflow from U.S. equity funds this week

Posted on December 14, 2018 Written by Chart Prophet

lipperusfundflows reported Equity Fund (inc ETF) outflows of -$46.2 Billion in the week to 12th December. The largest single outflow in a year very often occurs in December but this week's is massive. I've been writing that no obvious capitulation … [Continue reading]

emini future 14th December 2018 – pre-open

Posted on December 14, 2018 Written by Chart Prophet

emini future 14th December 2018 - pre-open from Chartprofit The 5 month poc has just migrated to 2664.00. Although ES will only move into a strong price location in the LT if it can print time back above the 2718 maj poc, a quick recovery back above … [Continue reading]

emini futures 13th December 2018 – pre-open

Posted on December 13, 2018 Written by Chart Prophet

emini futures 13th December 2018 - pre-open from Chartprofit Wednesday's session generated a higher Value Area but a weak close. As I wrote on Friday >>price acceptance at 2634 would be a bearish indication<< so at a minimum Bulls would … [Continue reading]

emini futures 12th December 2018 – pre-open

Posted on December 12, 2018 Written by Chart Prophet

emini futures 12th December 2018 - pre-open from Chartprofit ES remains below 2718, the maj poc, in a weak LT price location but on Monday there was a rejected test below the October low. Pre-open today ES is printing above 2660. As I wrote on … [Continue reading]