
Minor change: 1mn control moved to 3957. In the ST, ES needs to hold this level. As per previous notes, time at 4015 would be the next positive development. … [Continue reading]
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Posted on Written by Chart Prophet
Minor change: 1mn control moved to 3957. In the ST, ES needs to hold this level. As per previous notes, time at 4015 would be the next positive development. … [Continue reading]
Posted on Written by Chart Prophet
There's been positive price action since the rejected test of the 3829 control on 07/18. Specifically, acceptance (time) above the VAH at 3903 (dashed line) - see previous notes highlighted on chart. … [Continue reading]
Posted on Written by Chart Prophet
There's been positive price action since the rejected test of the 3829 control (dashed line) on Monday, see previous notes highlighted on chart. Minor control Support today at 3954. … [Continue reading]
Posted on Written by Chart Prophet
Following a test of the 3829 control (dashed line) on Monday, ES rallied and spent time around 3903 (VAH). That's price acceptance rather than rejection, see Monday's note. Time at 4015 would be the next positive development in the ST. … [Continue reading]
Posted on Written by Chart Prophet
I suggested in yesterday's note that there could be a rejection at 3903 (VAH) and a test of the 3829 Control. That panned out well. I also said that Time below 3829 would be a negative for the longer time-frame. That hasn't happened so far and … [Continue reading]
Posted on Written by Chart Prophet
The VAH of the current ST price distribution (that began early June) is at 3903 and has just been reached. Rejection here could see a test of the 3829.0 control (same distribution) but price acceptance (time) around 3903, would be bullish and suggest … [Continue reading]
Posted on Written by Chart Prophet
ST: Wednesday's Value Area was generated entirely below 3829, the 2mn Control, which was Resistance twice during RTH. As I wrote yesterday, that's a weak ST position. I would want to see ES recover that level before considering long trades. LT: … [Continue reading]
Posted on Written by Chart Prophet
Bulls would want to see ES recover back above 3829, the 2mn Control. Below that level is a weak ST position. … [Continue reading]
Posted on Written by Chart Prophet
The 2mn just migrated to 3829. That's significant information. If ES can hold that level post RTH open (or reject it on a test) it's in a strong ST position. ES is currently above that level which is now First Level Support. … [Continue reading]
Posted on Written by Chart Prophet
ST: Last three Value Areas generated entirely above 3776, the 2mn control. This is encouraging price action for bulls but ES needs to hold that level. If it does, then time at 4015 would be the next positive development. LT: from note 06/17 Time … [Continue reading]