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Technical analysis - Market pre-open 22nd February 2016 See previous comments. ES has consolidated for three days above 1905 and the four most recent Value Areas have been generated above the 1870 poc which is now important Support. Bulls would … [Continue reading]
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Technical analysis - Market pre-open 19th February 2016 See previous comments. ES stalled on Thursday, generating a narrow, overlapping Value Area. However, this is the third Value Area printed entirely above the 1870 poc and as long as ES holds … [Continue reading]
Technical analysis - Market pre-open 18th February 2016 See previous comments. ES rallied further on Wednesday generating a second Value Area above the 1870 poc which is now important Support. Bulls would now want that level to hold. Price … [Continue reading]
Pre-open Wednesday 17th February See previous comments. ES opened above the 1870 poc on Tuesday. Support was then found at that level, see chart, price rallied and more time was printed close to the 56 day poc (1886.50). Aggressive Buying was … [Continue reading]
Technical analysis - Market pre-open 16th February 2016 Aggressive Buying was marked on Friday for the first time this month. In the longer timeframe this can be viewed as Reactive because it was below the 1870 poc. All of last week's Value Areas … [Continue reading]
Chartprofit webcast is available to view … [Continue reading]
Pre-open Friday 12th February See previous comments. Following Wednesday's rejected probe of the 1870 poc Resistance ES sold off to a new low for this decline. A lower Value Area was generated on Thursday and pre-open today ES has printed above … [Continue reading]
Technical analysis - Market pre-open 11th February 2016 See previous comments. There were two brief probes above the 1870 poc on Wednesday which were rejected and ES subsequently sold off. Overnight ES has printed as low as 1802.50 which was a … [Continue reading]
