
ES is currently printing below the 4368.5 minor Control. This is a weak position, see note 10/16 on chart. I would want to see time printed back above that level before considering new longs. … [Continue reading]
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Posted on Written by Chart Prophet
ES is currently printing below the 4368.5 minor Control. This is a weak position, see note 10/16 on chart. I would want to see time printed back above that level before considering new longs. … [Continue reading]
Posted on Written by Chart Prophet
As per yesterday's note, it is important to monitor price relative to the minor Control at 4368.5. Monday's VA was generated above that level, that's a positive start to the week, but more importantly - a break below the Control would put ES back in … [Continue reading]
Posted on Written by Chart Prophet
The minor Control has migrated to 4368.5 (from 4319) Control. It is now important to monitor price relative to that level. A break below the Control today would put ES back in a weak position.Resistance is at 4460, the 1/2R off July high (Dec … [Continue reading]
Posted on Written by Chart Prophet
ES recovered the minor Control at 4319 and has generated four Value Areas above that level which is encouraging. The way the minor Control is developing isn't clear enough to offer any clues so I'm monitoring Support at the 4319 Control and … [Continue reading]
Posted on Written by Chart Prophet
Tuesday's Value Area was generated entirely below 4319, see yesterday's note on chart. As I wrote then "If ES remains below 4319 a test of 4210 would start to look likely to me". … [Continue reading]
Posted on Written by Chart Prophet
ES price action yesterday relative to the minor Control at 4319 was not positive. I want to see an entire VA generated above that level (at a minimum) before I could turn bullish on even the daily timeframe. If ES remains below 4319 a test of 4210 … [Continue reading]
Posted on Written by Chart Prophet
The minor Control has migrated to 4319. Price relative to that level at the start of this week is important to monitor. ES has opened RTH just below that level - Bulls would want to see a rejection and rally - then time around 4390 which I've … [Continue reading]
Posted on Written by Chart Prophet
There's not enough evidence to indicate a low has been found but holding 4357 (v. minor Control) today would be a start. Time just above 4390 would also be a positive. … [Continue reading]
Posted on Written by Chart Prophet
from note 09/18 "a more defensive stance is appropriate", and 09/21 "Time at 4420 or lower would be a further negative". Strong Support is much lower and no evidence yet that ES might be finding a low here. … [Continue reading]
Posted on Written by Chart Prophet
from note a week ago "a more defensive stance is appropriate", and on Thursday "Time at 4420 or lower would be a further negative". Strong Support is much lower, I'm staying cautious unless ES recovers 4420. … [Continue reading]