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Significant development - the 7mn Control has migrated to 4524.0 and the VAH at 4521, mentioned on 11/16, is no longer valid. Price relative to 4524.0 is now important to monitor. ES printing time above that level would be a further bullish … [Continue reading]
ES has stalled at the Maj VAH at 4521 (dashed) - see yesterday's note. Rejection would most likely see ES test the 4396 Support - but time (acceptance) at or around 4521 would be a further bullish indication. Price relative to 4519 today might give a … [Continue reading]
ES has reached a Maj VAH at 4521. Rejection is common at a VAH but time (acceptance) at or around this level would be a further bullish indication. … [Continue reading]
Monday's VA was generated entirely above 4396 (6mn Control) see yday's note. That's a positive. There is minor Support (4day) today at 4427.0 First weak signal triggered by a RTH close below Friday's Buying Day low at 4367.75. … [Continue reading]
The 6mn Control migrated to 4396 on Wednesday. Friday finished with ES above that level in a strong position. Bullish if 4396 holds as Support. Mechanically, first weak signal triggered by a RTH close below Friday's Buying Day low at 4367.75. … [Continue reading]
ES needs to print a VA above 4396 (6mn Control) before I'd look at new longs, see Thursday's note. For now I'm assuming this is a pause in the run-up from the 10/27 low. … [Continue reading]
Significant development - the 6mn Control has migrated to 4396.0. Now important to monitor price relative to this level. Bullish if it holds as Support. … [Continue reading]
ES found Support on 10/27, see note 10/26 - rallied quickly back above the minor Control at 4368.5, see note 11/06 - currently holding above that level in a strong position, see note 11/06. … [Continue reading]
In note 10/23 I wrote "If ES is going to find a low hereabouts it should rally quickly back to the Control at 4368.5" After the low was put in on 10/27 ES rallied very quickly back to that Control and is currently printing above it. Bulls would want … [Continue reading]
Since the low on Friday ES has rallied strongly with Significant Buying (green) marked twice. The minor VAH at 4336 has been reached - a likely place for a stall, but time close to this level rather than rejection would be a further positive. … [Continue reading]