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ES_F e-mini 1st June 2023

Posted on June 1, 2023 Written by Chart Prophet

Resistance on Wed was 4205, see yday's note, and RTH high 4204.5. Minor Resistance today is 4202.0.LT: bulls would want to see ES hold the 4137 major Control (Support). … [Continue reading]

ES_F e-mini 31st May 2023

Posted on May 31, 2023 Written by Chart Prophet

The 4137 major Control (Support) could come back into play if stress increases, see note 05/03, but there is higher Support at 4159 (1/2R).Today: 4205 minor Resistance (could become Support). … [Continue reading]

ES_F e-mini 30th May 2023

Posted on May 30, 2023 Written by Chart Prophet

Last week there was a rejected test of the major Control (Support) at 4137. Value Areas on Thu and Fri were generated above that level. 4137 could come back into play if stress increases, see note 05/03, but this is a stronger position. … [Continue reading]

ES_F e-mini 26th May 2023

Posted on May 26, 2023 Written by Chart Prophet

On Wed ES sold down below the major Control at 4137 but recovered and Thu RTH generated a Value Area entirely above that level. 4137 could come back into play if stress increases, see note 05/03. Minor level for reference today is Support at … [Continue reading]

ES_F e-mini 25th May 2023

Posted on May 25, 2023 Written by Chart Prophet

ES sold down below the major Control at 4137 but has recovered and one hour pre-RTH is printing above 4150. Until the debt ceiling issue is resolved 4137 may keep coming into play but price above that level is a stronger position - for more on this … [Continue reading]

ES_F e-mini 24th May 2023

Posted on May 24, 2023 Written by Chart Prophet

Market stress has increased and once again, ES is selling back to the major Control at 4137, see highlighted note from 05/03. This despite the technical positives from last week. Price relative to that level is important to monitor. ST: clue in … [Continue reading]

ES_F e-mini 23rd May 2023

Posted on May 23, 2023 Written by Chart Prophet

LT: Looking positive to me as long as ES holds 4137.ST: Today I'm monitoring price relative to the v min Control at 4202.If 4205 attracts time then I'd be targeting 4240.Should 4180 be tested ST Bulls would want to see a fast rejection. … [Continue reading]

ES_F e-mini 22nd May 2023

Posted on May 22, 2023 Written by Chart Prophet

Risk aplenty on the macro side but imo last week's price action was very constructive. ES convincingly recovered the 4159 1/2R Resistance and SPY did the same with 414. Two consecutive days of Significant Buying (green) driving ES away from Control … [Continue reading]

ES_F e-mini 19th May 2023

Posted on May 19, 2023 Written by Chart Prophet

emini S&P 500 breaking higher above Resistance In yesterday's RTH, ES generated a Value Area entirely above 4159 (1/2R) which was formerly Resistance. That's encouraging, see equivalent level on SPY, 414, on chart. See note 05/17. … [Continue reading]

ES_F e-mini 18th May 2023

Posted on May 18, 2023 Written by Chart Prophet

Yesterday's price action was encouraging for Bulls. Break higher coming or another rejection? see yesterday's note on chart. Need to see ES hold above the 1/2R at 4159 and especially SPY above 414. … [Continue reading]