
I'm looking for a Value Area above the 3955-65 area of Control to confirm LT strength, see chart and highlighted note 01/09. Following inflation data today ES dipped to 3954 and rallied back. … [Continue reading]
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Posted on Written by Chart Prophet
I'm looking for a Value Area above the 3955-65 area of Control to confirm LT strength, see chart and highlighted note 01/09. Following inflation data today ES dipped to 3954 and rallied back. … [Continue reading]
Posted on Written by Chart Prophet
On Monday there was a brief, rejected, probe above the 3955-65 Resistance Area - see yesterday's note. LT strength would be indicated by time above that Resistance but the reversal we saw yesterday is worth respecting in the ST. There is potential … [Continue reading]
Posted on Written by Chart Prophet
Friday's Value Area was generated entirely above the 3857 minor control which is a stronger position in the ST and ES is today attempting a break above the range it has been in since mid-December. The major Resistance is 3955-65 but if this can be … [Continue reading]
Posted on Written by Chart Prophet
Thursday's Value Area was generated entirely below 3857, the minor control, which is a weak position. Today, RTH has opened just above that level which is encouraging but if time is spent below it at the end of this week, I'd be targetting a test … [Continue reading]
Posted on Written by Chart Prophet
The minor levels we have been monitoring at 3857 Support & 3896 Resistance, are still in play - see yday's price action on chart. Not sure ES is ready yet to break out of the 12-day range but those levels should help indicate the direction. If … [Continue reading]
Posted on Written by Chart Prophet
On Tuesday there was an early, rejected, test of the Resistance at 3896 and ES declined quickly to test, and break, the minor control Support at 3857, see yesterday's note. ES has recovered 3857 and this is Support again today. Another break below … [Continue reading]
Posted on Written by Chart Prophet
ES has generated eleven Value Areas below the 3955 control which is a weak position in the LT. I'd want to see time back above 3955 before considering new longs on this timeframe. The minor control at 3857 is Support today and there is Resistance at … [Continue reading]
Posted on Written by Chart Prophet
ES has generated ten Value Areas below the 3955 control which is a weak position. I'd want to see time back above 3955 before considering new longs. ST: The minor control (25day) is at 3857. Price relative to that level is worth monitoring today. … [Continue reading]
Posted on Written by Chart Prophet
ES has generated nine Value Areas below the 3955 control which is a weak position. I'd want to see time back above 3955 before considering new longs. ST: The minor control (25day) Resistance at 3857. Price relative to that level is worth … [Continue reading]
Posted on Written by Chart Prophet
ES has generated six Value Areas below the 3955 control which is a weak position. I'd want to see time back above 3955 before considering new longs. ST: There is a minor control (10day) S/R at 3851.50 Price relative to that level is worth … [Continue reading]