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pre-open comment Friday 5th July >>ETF Resistance: SPY 162.40; DIA 150.14; QQQ 72.05; IWM 97.87 ETF Support: SPY 155.80; DIA 144.24; QQQ 68.62; IWM 93.62.<< The Support levels (above) that we have been monitoring held last week … [Continue reading]
4th July: as discussed in webcasts AUDUSD has been weak since the lower high at the 1.0365 poc in late April. As chart approaches the Support at 0.8954 there is a positive divergence between price and the CP Price Osc (dashed). Bulls would want to … [Continue reading]
GBPUSD daily chart 4th July: Retail traders are heavily long GBPUSD. I'm not tempted. Chart failed at major Resistance in June and is now printing below the 1/2R off March low which is weak price location. CP Price Osc is below zero indicating … [Continue reading]
4th July: EURUSD found Resistance at the 1/2R off 2010 low. There is Support at the 1.2777 poc. If price is below 1.3078 I would expect another test of that Support. Price trend and Momentum are currently down. … [Continue reading]
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Chartprofit eBook: https://chartprofit.com/ebook/130628_Charts.zip The DNL Reader is required to view the eBook. If you do not have this program please download it here: www.digitalwebbooks.com/reader/ pdf version … [Continue reading]
posted 07.45 a.m. est pre-open comment Monday 1st July SPY closed on Friday within Mon-Wed Hi-Lo range which indicates no bias on the weekly timeframe. Buyers have not been active on this timeframe for six weeks. ES found Support early last … [Continue reading]
Chartprofit Webcast 28th June … [Continue reading]
posted 07.40 a.m. est pre-open comment Friday 28th June Thursday generated another higher but narrow Value Area. ES has approached the 1/2R at 1616.75 but has not yet exceeded it. Some of the major charts have also approached the given … [Continue reading]