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price is consolidating around 4570 - I'm looking for a Value Area above that level to signal next leg higher or one below 4524 (7mn Control) as an indication of weakness. … [Continue reading]
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Posted on Written by bobd
price is consolidating around 4570 - I'm looking for a Value Area above that level to signal next leg higher or one below 4524 (7mn Control) as an indication of weakness. … [Continue reading]
Posted on Written by bobd
Today, price has convincingly exceeded 4570. As mentioned previously, first sign of weakness would be time back below 4524, the 7mn Control. … [Continue reading]
Posted on Written by bobd
From yesterday's note: Today, price relative to 4570.0 is worth monitoring as minor Support/Resistance. 4570.0 was the exact high yesterday. There is Support around 4524, the 7mn Control. First sign of weakness would be time back below that … [Continue reading]
Posted on Written by bobd
ES held above 4524, the 7mn Control, last week which is a further positive for the bull trend. First sign of weakness in the longer timeframe would be time back below that level. Today, price relative to 4570.0 is worth monitoring as minor … [Continue reading]
Posted on Written by bobd
Three VAs generated above 4524, the 7mn Control. That's a further positive for the bull trend. First sign of weakness would be time back below that level. Today, price relative to 4570.0 is worth monitoring as minor Support/Resistance. … [Continue reading]
Posted on Written by bobd
Two Value Areas generated above 4524, the 7mn Control. That's a further positive for the bull trend. First sign of weakness would be time back below that level. … [Continue reading]
Posted on Written by bobd
from yesterday's note: the VAH at 4521..is no longer valid. This was on a 7mn timeframe. But.. looking back at a much longer time period on a weekly chart this area of price does represent a major VAH. So as per note on 11/15, Rejection is common … [Continue reading]
Posted on Written by bobd
Significant development - the 7mn Control has migrated to 4524.0 and the VAH at 4521, mentioned on 11/16, is no longer valid. Price relative to 4524.0 is now important to monitor. ES printing time above that level would be a further bullish … [Continue reading]
Posted on Written by bobd
ES has stalled at the Maj VAH at 4521 (dashed) - see yesterday's note. Rejection would most likely see ES test the 4396 Support - but time (acceptance) at or around 4521 would be a further bullish indication. Price relative to 4519 today might give a … [Continue reading]
Posted on Written by bobd
ES has reached a Maj VAH at 4521. Rejection is common at a VAH but time (acceptance) at or around this level would be a further bullish indication. … [Continue reading]