Daily analysis - Stock Market, Bonds, Forex and more
Please note that the following was posted on https://chartprofit.substack.com/ on April 8. Due to a technical issue, the post was not archived here until April 11th. I've been monitoring 5244 (a Control of a previous Major distribution)'. … [Continue reading]
pre-RTH on Friday I wrote.. 'there is potential Support at 5244 (a Control of a previous Major distribution)' and.. 'time below that level would indicate further weakness'. Friday's Value Area was generated entirely below that level. ES has fallen … [Continue reading]
There is potential Support at 5244 (a Control of a previous Major distribution). That has been tested and for now ES has bounced back a little. Time below that level would indicate further weakness. I would want to see signs of Effective Buying … [Continue reading]
See Tuesday's note, highlighted on chart. As previously noted, the major Control fell on Monday to 5635 and currently ES prints below that level - a weak position. imo a Value Area generated entirely above 5670 would be the first sign of … [Continue reading]
See yesterday's note, highlighted on chart. During Tuesday's session ES found Support in the area of the Control at 5635 (arrowed) and today's session opened below that level and immediately recovered it. On an 'normal' day (if there is such a thing) … [Continue reading]
Development: The Control migrated lower to 5635 (from 5754). Now important to monitor price relative to that level. Below is a weak position.ST: Price printing time above 5670 would be first sign of strength in the ST. … [Continue reading]
I wrote 03/27 that the Control at 5754 "may attract (more) time, but either way time printed below that level would not be a positive". Friday's Value Area was printed entirely below that level. For that reason I am cautious here but also; … [Continue reading]
I wrote yesterday that 5754 "may attract time, but either way time printed below that level would not be a positive". That's where ES spent most time during Thursday's RTH and that level may continue to attract time but below it is a weak position. … [Continue reading]
I wrote 03/25 - on some timeframes, the Major Control has migrated to 5754. That is same now on all timeframes after yesterday's price action.Wednesday's RTH opened just above 5819 (see yday's note) and immediately declined, back to the Control at … [Continue reading]
