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ES_F e-mini 19th April 2023

Posted on April 19, 2023 Written by Chart Prophet

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]

ES_F e-mini 18th April 2023

Posted on April 18, 2023 Written by Chart Prophet

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]

ES_F e-mini 17th April 2023

Posted on April 17, 2023 Written by Chart Prophet

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]

ES_F e-mini 14th April 2023

Posted on April 14, 2023 Written by Chart Prophet

Thursday was a very positive day. Shortly after RTH Open there was a rejection of the minor Support at 4128.50 and ES rallied strongly. The Resistance at 4159 was tested for the third time and this time it yielded (now 1st Level Support). Significant … [Continue reading]

ES_F e-mini 13th April 2023

Posted on April 13, 2023 Written by Chart Prophet

Resistance remains at 4159, the 1/2R off last years high (see yesterday's comments on chart) - ES has stalled, after testing it again yesterday. Currently ES prints very close to the minor Support at 4128.50 but Wednesday's Value Area was generated … [Continue reading]

ES_F e-mini 12th April 2023

Posted on April 12, 2023 Written by Chart Prophet

Early in RTH on Tuesday, ES tested and held the minor Support at 4128.50, see chart. Price relative to that level is worth monitoring again today. Last week ES found Resistance at 4159. The 1/2R off an all-time-high, like this, can often be major … [Continue reading]

ES_F e-mini 11th April 2023

Posted on April 11, 2023 Written by Chart Prophet

Late in Monday's RTH ES broke above the minor Resistance at 4128.50 and is holding above that level (now Support) in a strong position pre-RTH today. The important Support remains at the 4015 major Control and the Resistance is at 4159 (1/2R off last … [Continue reading]

ES_F e-mini 10th April 2023

Posted on April 10, 2023 Written by Chart Prophet

The Resistance at 4159 (1/2R off last year's high) came into play last week with a rejection on Tuesday. Price printing time above that level would be a further positive but currently I'm wary of new longs until that happens. The minor Control … [Continue reading]

ES_F e-mini 5th April 2023

Posted on April 5, 2023 Written by Chart Prophet

After RTH open on Tuesday, ES briefly tested the Resistance at 4159 (1/2R off last year's high) and was immediately rejected, see previous notes.The minor Control has migrated to 4133.5 from 4081.50 (which is no longer valid as Support). Price … [Continue reading]

ES_F e-mini 4th April 2023

Posted on April 4, 2023 Written by Chart Prophet

Pre-RTH ES is printing above 4159 (1/2R off last year's high) in a strong position. That is now First Level Support. A break of that level would indicate a test of the minor Control at 4081.50. … [Continue reading]