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GBPUSD remains in LT weak chart position

Posted on November 23, 2018 Written by Chart Prophet

GBPUSD 16th Nov: >>GBPUSD remains in a weak position. A higher low above 1.2978, the minor 1/2R off August low would be first sign of strength.<< … [Continue reading]

USO – Oil ETF breaks Support today

Posted on November 23, 2018 Written by Chart Prophet

USO has broken below the 11.41 Major Support today. … [Continue reading]

GLD 23rd November 2018

Posted on November 23, 2018 Written by Chart Prophet

GLD 9th Nov: This week the 11 month controlling price migrated to 116. Price below that level is weak location. … [Continue reading]

Spyder remains in a weak position

Posted on November 23, 2018 Written by Chart Prophet

SPY remains in a weak LT position below its 18mn controlling price at 271.70 … [Continue reading]

NAAIM Exposure Index lowest since Feb 2016

Posted on November 23, 2018 Written by Chart Prophet

The NAAIM Exposure Index has fallen to 30.55, the lowest since the market low in February 2016. … [Continue reading]

AAII public poll shows increased Bears

Posted on November 23, 2018 Written by Chart Prophet

AAII (public poll). Bulls% was lower at 25.3% this week, the lowest since September 2017. Bears% was higher at 47.1%, the highest since February 2016. The nett (Bulls minus Bears) is at -21.8, the lowest since the market low in February 2016. … [Continue reading]

emini futures 23rd November 2018 – pre-open

Posted on November 23, 2018 Written by Chart Prophet

emini futures 23rd November 2018 - pre-open from Chartprofit Pre-open today ES has printed as low as 2626. It is in a weak position, see previous highlighted comments, above. ETFs Maj POC Resistance: SPY 271.7, IWM 153.5 Stocks>50dyma … [Continue reading]

emini futures 20th November 2018 – after close

Posted on November 20, 2018 Written by Chart Prophet

emini futures 20th November 2018 - after close from Chartprofit On 10/29 there was a rejected test of 2605, the 12mn Value Area Low (VAL). ES then rallied and on 11/07 there was a rejected probe above 2806, the 12mn Value Area High (VAH). Both … [Continue reading]

emini futures 20th November 2018 – pre-open

Posted on November 20, 2018 Written by Chart Prophet

emini futures 20th November 2018 - pre-open from Chartprofit Monday's session generated a Value Area entirely below 2718, the major poc, which immediately put it back in a weak position. As I wrote last week, "prudent Bulls would wait for … [Continue reading]

emini futures 19th November 2018 – pre-open

Posted on November 19, 2018 Written by Chart Prophet

emini futures 19th November 2018 - pre-open from Chartprofit Friday's session generated a Value Area above 2718, the major poc. So that's a stronger position if ES can hold above the poc (now Support) but as I wrote on Wednesday "prudent Bulls would … [Continue reading]