
ES is currently printing above the 4147 control in a stronger position. If time could be printed above that level (now Support) post RTH Open today we could see a strong end to the week. … [Continue reading]
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Posted on Written by Chart Prophet
ES is currently printing above the 4147 control in a stronger position. If time could be printed above that level (now Support) post RTH Open today we could see a strong end to the week. … [Continue reading]
Posted on Written by Chart Prophet
Wed RTH - ES spent little time above the 4147 control from the Open and the Value Area was generated entirely below that level, weaker position, see yesterday's note on graphic. … [Continue reading]
Posted on Written by Chart Prophet
Change. The 2mn control has migrated higher to 4147.0 (from 4013). This is now the most important reference level for me. If ES can print time above that level it is in a strong position to rally further. Below that price is a weaker position. … [Continue reading]
Posted on Written by Chart Prophet
On Thursday, 4013 Resistance exceeded & rally accelerated. Long trades okay for me above that level. Bulls need 4013 to hold as Support now. The major control is still at 4353 and I will only look at long positions if that price is exceeded. … [Continue reading]
Posted on Written by Chart Prophet
On Thursday the Resistance at 4013 was exceeded shortly after RTH open and the Value Area was generated entirely above that level. If 4013 now holds, ES is in a stronger ST position meaning I will consider long trades. The major control is still at … [Continue reading]
Posted on Written by Chart Prophet
ES is approaching the 2month Resistance at 4013. Price printing time above that level would a stronger position for long trades for me (not long positions). In the ST, there is minor Support at 3973 today - a break of that level would indicate a weak … [Continue reading]
Posted on Written by Chart Prophet
05/25 Thought we'd see a test below below 3790 before a rally of any significance, see Thursday's note. No long trades for me if ES is below 4013 and no long positions below 4353. ST: 12day control = 3923.0. Price relative to that level today … [Continue reading]
Posted on Written by Chart Prophet
Thought we'd see a test below below 3790 before a rally of any significance, see Thursday's note. ES has printed above 3980 since Friday's low. Still, as per Friday's note; no long trades for me if ES is below 4013 and no long positions below … [Continue reading]
Posted on Written by Chart Prophet
Thought we'd see a test below below 3790 before a rally of any significance, see Thursday's note. ES has printed above 3950 since Friday's low. Still, as per Friday's note; no long trades for me if ES is below 4013 and no long positions below 4353. … [Continue reading]
Posted on Written by Chart Prophet
As I wrote yesterday, the ST selling imbalance indicates a print below 3790 is likely. A rally above 4013 (now the minor control) would put that in doubt. I have noted that Sentiment readings are getting extremely bearish which suggest a rally … [Continue reading]