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Significant Selling (red) marked again on Wednesday. There is minor Resistance today at 4099, being tested pre-RTH. First Maj Support at 4015 - for now, I'm assuming that will be tested. … [Continue reading]
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Posted on Written by bobd
Significant Selling (red) marked again on Wednesday. There is minor Resistance today at 4099, being tested pre-RTH. First Maj Support at 4015 - for now, I'm assuming that will be tested. … [Continue reading]
Posted on Written by bobd
Posted on Written by bobd
The major Support at 4137 was broken on Tuesday and a sharp decline occurred in yesterday's session. Although ES had generated two Value Areas above the 4159 1/2R Resistance in the early part of last week, SPY had not been able to recover its … [Continue reading]
Posted on Written by bobd
The major Support at 4137 was tested on Thu and Fri and pre-RTH today it has been tested again but Value Areas have been generated above that level so I say the Support has held so far. The other level we are monitoring is 4159 and that … [Continue reading]
Posted on Written by bobd
The major Support at 4137 was tested again on Friday but ES made a quick recovery, see Friday's note. Seven Value Areas have now been generated above 4137 and a break of that level could indicate a change in the minor trend but so far - so good. … [Continue reading]
Posted on Written by bobd
ES major Support is at 4137 and that was the exact low yesterday. There has now been five Value Areas above the Support which is a positive and bulls would want to see that hold or a quick recovery on a test. … [Continue reading]
Posted on Written by bobd
SPY has stalled at the 414.0, 1/2R Resistance - worth monitoring. ES has generated four Value Areas above the 4137 major Support which is a positive but bulls would want to see that level hold. … [Continue reading]
Posted on Written by bobd
SPY has stalled at the 414.0, 1/2R Resistance - worth monitoring. ES has generated three Value Areas above the 4137 major Support and bulls would want to see that hold. … [Continue reading]
Posted on Written by bobd
SPY high on Monday was at the 414.0 1/2R Resistance so we will see today if SPY can breach that level. ES has generated two Value Areas above the 4137 major Support but a Value Area above the 4159 1/2R would be another positive. … [Continue reading]
Posted on Written by bobd
Technically, Thursday was a very positive session and Friday's Value Area was generated entirely above the Support at the 4137 major Control. However, ES has not convincingly recovered the Resistance at 4159 and SPY has stalled at its equivalent … [Continue reading]