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GBPUSD Chart 9th November

Posted on November 9, 2018 Written by Chart Prophet

USO breaks Support

Posted on November 9, 2018 Written by Chart Prophet

USO: checking minor intra-day timeframes the 18month poc migrated to 14.27 in mid-October. The poc we have been monitoring at 12.79 has been broken today. Acceptance (time) below this level would increase the chances that the major Support at 11.41 … [Continue reading]

GLD in weak chart position

Posted on November 9, 2018 Written by Chart Prophet

GLD: this week the 11 month controlling price migrated to 116. Price below that level is weak location. There is minor Support at 114.38, the 1/2R off August low. … [Continue reading]

emini ES probes VAH

Posted on November 9, 2018 Written by Chart Prophet

from pre-open Thursday 8th November 2018 >>The market has rallied strongly since testing the 12mn VAL (2605) on 10/30....During Wednesday's session ES probed above 2806, the 12mn Value Area High (VAH). Price Acceptance (time) around this level … [Continue reading]

SPY probes 12month VAH

Posted on November 9, 2018 Written by Chart Prophet

SPY has probed the 12mn VAH at 281.10 this week. Acceptance (time) close to this level would be a positive. Negatives would be fast rejection and a close below the 277.70 1/2R Support - would indicate a test of 271.70, the Major Support. … [Continue reading]

emini futures 9th November 2018 – pre-open

Posted on November 9, 2018 Written by Chart Prophet

emini futures 9th November 2018 - pre-open from Chartprofit The market has rallied strongly since testing the 12mn VAL (2605) on 10/30, see highlighted comments. This week we have seen Value Areas generated above the major poc at 2718 (indication of … [Continue reading]

emini futures 8th November 2018 – pre-open

Posted on November 8, 2018 Written by Chart Prophet

emini futures 8th November 2018 - pre-open from Chartprofit Recap: The market has rallied strongly since testing the 12mn VAL (2605) on 10/30, see highlighted comments. This week we have seen Value Areas generated above the major poc at 2718 … [Continue reading]

emini futures 7th November 2018 – pre-open

Posted on November 7, 2018 Written by Chart Prophet

emini futures 7th November 2018 - pre-open from Chartprofit Please read previous highlighted comments. The market rallied last week following a test of the 12mn VAL (2605). Value Areas on Mon and Tue were generated above 2718, the maj poc, and on … [Continue reading]

emini futures 6th November 2018 – pre-open

Posted on November 6, 2018 Written by Chart Prophet

emini futures 6th November 2018 - pre-open from Chartprofit Please read last week's highlighted comments. The market rallied last week following a test of the 12mn VAL (2605). Value Areas on Wed/Thu/Fri were generated in the area of 2718, the maj … [Continue reading]

emini futures 5th November 2018 – pre-open

Posted on November 5, 2018 Written by Chart Prophet

pre-open Monday 5th November 2018 - from Chartprofit I wrote on Tuesday last week >>yesterday’s session low was a test of the 12month Value Area low at 2605 (dashed line). If this is a correction in an ongoing bull market I would expect a test … [Continue reading]