
ES needs to print a VA above 4396 (6mn Control) before I'd look at new longs, see Thursday's note. For now I'm assuming this is a pause in the run-up from the 10/27 low. … [Continue reading]
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Posted on Written by Chart Prophet
ES needs to print a VA above 4396 (6mn Control) before I'd look at new longs, see Thursday's note. For now I'm assuming this is a pause in the run-up from the 10/27 low. … [Continue reading]
Posted on Written by Chart Prophet
Significant development - the 6mn Control has migrated to 4396.0. Now important to monitor price relative to this level. Bullish if it holds as Support. … [Continue reading]
Posted on Written by Chart Prophet
ES found Support on 10/27, see note 10/26 - rallied quickly back above the minor Control at 4368.5, see note 11/06 - currently holding above that level in a strong position, see note 11/06. … [Continue reading]
Posted on Written by Chart Prophet
In note 10/23 I wrote "If ES is going to find a low hereabouts it should rally quickly back to the Control at 4368.5" After the low was put in on 10/27 ES rallied very quickly back to that Control and is currently printing above it. Bulls would want … [Continue reading]
Posted on Written by Chart Prophet
Since the low on Friday ES has rallied strongly with Significant Buying (green) marked twice. The minor VAH at 4336 has been reached - a likely place for a stall, but time close to this level rather than rejection would be a further positive. … [Continue reading]
Posted on Written by Chart Prophet
Since the low on Friday ES has rallied strongly with Significant Buying (green) marked on Tuesday and Wednesday. In the ST Bulls have Control; this is negated with a RTH close below 4215.5, yesterday's Buying Day Low. Today there is minor (3 week) … [Continue reading]
Posted on Written by Chart Prophet
On Friday the Major Support at 4136 was briefly tested and ES has bounced. Monday's RTH closed above Friday's Selling Day high = a positive. On Tusday, Significant Buying (green) was marked = another positive. In the ST Bulls have Control; this is … [Continue reading]
Posted on Written by Chart Prophet
On Friday the Major Support at 4136 was briefly tested. ES rallied during Monday's RTH, approaching 4200. The natural Support, 1/2R off Friday's low, is at 4161. In the ST Bulls would want that level to hold. In the LT Bulls would want 4136 to hold. … [Continue reading]
Posted on Written by Chart Prophet
On Friday the Major Support at 4136 was briefly tested (see note 10/26 highlighted on chart). 30 minutes into RTH today and ES has printed above 4180. As I wrote in that note "long-term Bulls would want ES to hold that important Support". … [Continue reading]
Posted on Written by Chart Prophet
Thursday's low was 4146.25. Long-term Bulls would want ES to hold the Major Support at 4136 (see note 10/26). Time below that level would put ES in a LT weak position. First v minor Resistance is at 4182 so time above that level would be first … [Continue reading]