
Not seeing much to add to previous notes. Monday "a more defensive stance is appropriate". Thursday "Time at 4420 or lower would be a further negative". … [Continue reading]
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Posted on Written by Chart Prophet
Not seeing much to add to previous notes. Monday "a more defensive stance is appropriate". Thursday "Time at 4420 or lower would be a further negative". … [Continue reading]
Posted on Written by Chart Prophet
ES has now tested the 4mn VAL at 4420. On the daily timeframe Bulls would want to see rejection of that test and ES to rally back. Time at 4420 or lower would be a further negative. … [Continue reading]
Posted on Written by Chart Prophet
Mon-Wed Value Areas generated below the 4527 Control. ES may not move too far from that level until Fed meeting concludes. Either way, time above 4527 would be a stronger position. … [Continue reading]
Posted on Written by Chart Prophet
Mon/Tue Value Areas generated below the 4527 Control. ES may not move too far from that level until Fed meeting concludes. Either way, time above 4527 would be a stronger position. … [Continue reading]
Posted on Written by Chart Prophet
On Friday, ES opened RTH above the major Support at 4527 and then immediately declined below it. Friday's price action was poor which means a more defensive stance is appropriate until ES prints back above that level or the Control migrates lower. … [Continue reading]
Posted on Written by Chart Prophet
Now following ES Dec - chart adjusted since Monday. On the Sep contract the minor Support at 4457 was tested and held on Wednesday which was a positive. On the Dec contact the major Support is at 4527 and currently ES is printing above that … [Continue reading]
Posted on Written by Chart Prophet
The minor Support at 4457 given yesterday was very briefly tested on Wednesday, see note on chart. That's a positive. Currently ES is printing above the 4490 Resistance - if that level can hold as Support post-RTH-Open that would be a further … [Continue reading]
Posted on Written by Chart Prophet
The 4mn Control migrated back to 4490.00. This is Resistance. I'd want to see that level recovered before considering new longs.ST: There is minor Support today at 4457. A break of that would indicate lower in the short-term and a test of 4410. … [Continue reading]
Posted on Written by Chart Prophet
from Thursday's note: ES is currently printing below 4490.50 (1/2R off July high) in a weaker position and I'd want to see that level recovered before considering new longs.The 4mn Control migrated to 4514.00 last week. This is Resistance.ST: Time at … [Continue reading]
Posted on Written by Chart Prophet
from Thursday's note: ES is currently printing below 4490.50 (1/2R off July high) in a weaker position and I'd want to see that level recovered before considering new longs.Today: There is minor Resistance at 4457.50 - where are we relative to that … [Continue reading]