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ES_F e-mini 4th March 2024

Posted on March 4, 2024 Written by Chart Prophet

As expected the minor Control migrated back to 5101 and that was the RTH low on Friday. As I wrote on Thursday 'if ES can subsequently hold that level as Support then I would be targeting 5178'. … [Continue reading]

ES_F e-mini 1st March 2024

Posted on March 1, 2024 Written by Chart Prophet

from Thu note: '5101, I expect the minor Control will migrate back to that level today'. Not yet; but pre-RTH today that is where ES is printing, so it's likely. If that level subsequently holds as Support then I would be targeting 5178. … [Continue reading]

ES_F e-mini 29th February 2024

Posted on February 29, 2024 Written by Chart Prophet

earlier in the week the minor Control migrated to 5077.50. More time was spent there on Wednesday with market awaiting the inflation data. Post the data release ES rallied and 30 minutes into the session is printing back at 5101 - I expect the minor … [Continue reading]

ES_F e-mini 28th February

Posted on February 28, 2024 Written by Chart Prophet

from Monday's note: 'there is minor Support at 5098.0. Price relative to that level post-RTH-open would be worth monitoring'. Early in Monday's session ES declined below that Support, see chart. The minor Control has migrated to 5077.50 and that … [Continue reading]

ES_F e-mini 26th February 2024

Posted on February 26, 2024 Written by Chart Prophet

First Level LT Support is the 4wk Control at 5024.50. Intraday - there is minor Support at 5098.0. Price relative to that level post-RTH-open would be worth monitoring. … [Continue reading]

ES_F e-mini 23rd February 2024

Posted on February 23, 2024 Written by Chart Prophet

ES held the 4972.0 First Level Support on both Tue & Wed (both Value Areas were generated above that level). From there ES rallied strongly. First Level Support today is the 4wk Control at 5024.50, see Tues' note. Intraday - if ES can hold min … [Continue reading]

ES_F e-mini 20th February 2024

Posted on February 20, 2024 Written by Chart Prophet

In the shorter timeframe there has been negative development - the 4wk Control has moved to 5024.50. ES is currently printing below that level and is therefore in a weak postion in the ST. First Level Support is 4972.0. A RTH close below 5013.75 … [Continue reading]

ES_F e-mini 16th February 2024

Posted on February 16, 2024 Written by Chart Prophet

ES has begun 'acting right' again for the Bulls, see highlighted Support levels and previous comments. ST Support remains at 5013.0 and ES is in a strong position above that. Pre-open, there was quite a sharp decline but if 5044.5 can be … [Continue reading]

ES_F e-mini 15th February 2024

Posted on February 15, 2024 Written by Chart Prophet

In yesterday's note I wrote 'I'm looking for a continuing response from Buyers today before considering new longs - ES holding above 4972.0 (now minor Control) would be a start.' That level was almost the exact low of the session and Buyers … [Continue reading]

ES_F e-mini 14th February 2024

Posted on February 14, 2024 Written by Chart Prophet

Yesterday's sell-off saw a brief dip below 4940 late in the session followed by an overnight recovery that has tested 5000. The RTH close was well below 5016.25, Friday's Buying Day Low (dashed line on chart) which was a mechanical indication of … [Continue reading]