
On Friday, ES found Support at the 3689 minor Control, and rallied - see arrow. For Bulls that Support needs to hold. The min VAH is at 3780 and time at that level or above would be ST bullish. … [Continue reading]
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Posted on Written by Chart Prophet
On Friday, ES found Support at the 3689 minor Control, and rallied - see arrow. For Bulls that Support needs to hold. The min VAH is at 3780 and time at that level or above would be ST bullish. … [Continue reading]
Posted on Written by Chart Prophet
ST Support at 3689 (minor control) was broken in yesterday's RTH, now Resistance. Not interested in longs below that level. Pre-RTH today, ES has printed below 3645. … [Continue reading]
Posted on Written by Chart Prophet
minor control moved higher to 3689 which is currently ST Support as ES prints above that level. Stronger position. Price 3723-29 might attract time. … [Continue reading]
Posted on Written by Chart Prophet
ES stalled at 3373, the minor VAH. Time at that level, or higher, would be ST bullish. ST Support at 3638, the minor control. 3723 might be attractive. … [Continue reading]
Posted on Written by Chart Prophet
Monday's RTH generated a Value Area above 3638, which I have been writing would be the first sign of ST strength, see previous notes on chart. A rally above 3705, the major VAL, would indicate rejection of that level and be a positive in the LT. … [Continue reading]
Posted on Written by Chart Prophet
ES is still printing time below 3705, the major VAL. That's not a positive in the LT.In the ST, the minor Control has migrated back to 3638 and pre-RTH ES is printing above that level. A Value Area above 3638 would be a sign of ST strength. … [Continue reading]
Posted on Written by Chart Prophet
Inflation report was hotter than expected. ES on new low. Yesterday the minor Control migrated lower yet again to 3605.0. A Value Area above that level would now be the first sign of strength in the ST. Target lowered as well to 3325 if 3605 isn't … [Continue reading]
Posted on Written by Chart Prophet
The minor Control has migrated lower again to 3638.0. Price relative to that level is critical to monitor. A Value Area above 3638 would now be the first sign of strength in the ST. If that doesn't happen, I'd target 3370. … [Continue reading]
Posted on Written by Chart Prophet
The minor Control has migrated lower to 3664.0 (from 3695). Not always a negative but in this case it probably is. Price relative to that level is critical to monitor, below 3664 is weak. … [Continue reading]
Posted on Written by Chart Prophet
ES remains in a weak position at the start of this week. LT: The major control is at 4137. ES is printing below that level = weak position in the LT. The major VAL is at 3705 (dashed line) - in the LT, Bulls would want see rejection of that level, … [Continue reading]