ES emini sp500 March seems to be working itself towards decision point as two valid trendlines converge. I wouldn't be convinced about an upside breakout until 872 is exceeded. … [Continue reading]
ES Decision point
SP500 emini analysis for Wednesday
Tuesday saw significant buyers active and effective. generating a higher, wider Value Area and more Volume than Monday. Wednesday's value area is predicted to be overlapping or higher. That means that most of Wednesday's price action should be … [Continue reading]
Chartprofit Webcast – Charts to Friday 30th January 09
Chartprofit Webcast - Charts to Friday 30th January 09 *********** PRICE LOCATION The major level of 1/2 HIGH is in play on the following US indices: NYSE Comp, Nasdaq Comp, SP500 and R2000. Also German Dax index. I would repeat that … [Continue reading]
SP500 2002 – Current DAX chart – Gann level
From a Gann perspective there is a similarity between the current DAX chart and the SP500 at the 2002 low. The SP500 2002 bear market low was a triple bottom on the Gann half high major support level. That's where the DAX finds itself now. One … [Continue reading]
Probe into resistance at 872
From webcast Monday: Re long side of the market >>If you are a longer term trader or swing trader I would wait for bulls to auction price back above 872<< Yesterday SP500 emini probed onto that poc and has found resistance - this has … [Continue reading]
Risk is still high
Chartprofit Webcast - Charts to Friday 23rd January 09 *********** PRICE PERFORMANCE SPX hit a new eight week low last week breaking the December low. Low last week was below the low of the previous five weeks. Sellers seem much more effective … [Continue reading]
Commitments of Traders Data released 23rd January
Commitments of Traders Data released 23rd January … [Continue reading]
ES up from open – resistance zone at 838 to 840
from eBook earlir this week >>Be extremely cautious of this market right now. All the major charts we follow are currently in a weak price location. Do not be long unless charts trade back above those POC levels. This may not happen. It … [Continue reading]
Caution: Weak price location
Chartprofit Webcast - Charts to Friday 16th January 09 *********** PRICE PERFORMANCE Low last week was below the low of the previous five weeks. Within two weeks the sellers had negated all the gains of the previous four … [Continue reading]
Video Chart Check
Video Chart Check Tuesday 14th January 09 … [Continue reading]