
ES just tested 5630 - “seems likely” from post earlier today. Rejection here could set up a rally but time printed around this level (acceptance) would be a further negative imo. … [Continue reading]
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Posted on Written by Chart Prophet
ES just tested 5630 - “seems likely” from post earlier today. Rejection here could set up a rally but time printed around this level (acceptance) would be a further negative imo. … [Continue reading]
Posted on Written by Chart Prophet
The minor Control migrated lower to 5763. Worth monitoring as possible Resistance today. New longs are still eliminated for me below 6022.50 (see previous notes) - the Control migrating lower might change that. ST: unless ES can recover 5732 … [Continue reading]
Posted on Written by Chart Prophet
ST: The S/R level to monitor is still 5825. A Value Area printed above that level would be first minor sign of strength.New longs are still eliminated for me below 6022.50 (see previous notes) - the Control migrating lower might change that. … [Continue reading]
Posted on Written by Chart Prophet
From yesterday's note - 'ES has not yet begun to respond positively to the S/R levels; actually the opposite'. Again, in Tuesday's RTH, ES failed at 5870 (arrowed on chat), the v. minor reference level given in yesterday's note.ST: Today, the S/R … [Continue reading]
Posted on Written by Chart Prophet
From yesterday's note - '10day Support at 5973, worth monitoring today'. ES broke that Support immediately after RTH Open and then found Resistance there intraday, see arrow on chart. A sharp decline followed. ES has not yet begun to respond … [Continue reading]
Posted on Written by Chart Prophet
Resistance at the 6022.50 Control still valid. New longs eliminated for me below that level - the Control migrating lower might change that.ST: 10day Support at 5973, worth monitoring today. … [Continue reading]
Posted on Written by Chart Prophet
Highlighted notes on chart track the recent developing weakness. Currently, ES is in a weak position below the 6022.50 Control. F or now, new longs are eliminated for me below that level - the Control migrating lower might change that. … [Continue reading]
Posted on Written by Chart Prophet
Two Value Areas generated below the 6022.50 Control. Weak position. Note the Support at the Control on 02/12 (arrowed on chart) - and the Resistance yesterday. Referring back to note on 4th February 'Market participants are waiting for the next … [Continue reading]
Posted on Written by Chart Prophet
ESH5 - Tuesday's RTH generated a Value Area entirely below the 6022.50 Control. Weak position. A v minor (5day) Control has emerged at 5998 and price relative to this level is important to monitor today.NQH5 - First level Support at 21229 was broken … [Continue reading]
Posted on Written by Chart Prophet
A look at the E-mini Nasdaq-100 (NQH5) is helpful. First level Support is at 21229 and this has not been broken since this month's high was printed. A convincing break below that level would confirm the current weak position seen in the E-mini … [Continue reading]