
The Support at 3964 has moved to 3988. The Resistance is the 4015 Control. Significant Selling (red) below 3988 or Sig Buying (green) above 4015 could indicate the next directional move. … [Continue reading]
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Posted on Written by Chart Prophet

The Support at 3964 has moved to 3988. The Resistance is the 4015 Control. Significant Selling (red) below 3988 or Sig Buying (green) above 4015 could indicate the next directional move. … [Continue reading]
Posted on Written by Chart Prophet

Monday's Value Area was generated entirely above the 4015 Control - a minor sign of strength, see note 02/28, on chart. Yesterday's price action saw a break back below that level, negating Monday's positive indication. The current, minor price … [Continue reading]
Posted on Written by Chart Prophet

pre-RTH 03/07: Recent price action has been positive - a rejected test of the 3964 LT Support and a rally above 4015, the 15mn Control (now Support). Maybe some consolidation here, I'm thinking price around 4060 could attract time. … [Continue reading]
Posted on Written by Chart Prophet

pre-RTH 03/06: ES recovered above 4015, the 15mn Control, on Friday. That's Significant, a stronger position and 4015 is now Support. The Major Control remains at 4137 and that is Resistance. … [Continue reading]
Posted on Written by Chart Prophet

from yesterday's note - Since the 15mn Control migrated to 4015 on Monday, ES has not printed above it. This is a weak position in the LT and Bulls need to see it recovered.That Resistance is being approached pre-RTH today. Price above 4015 would be … [Continue reading]
Posted on Written by Chart Prophet

Since the 15mn Control migrated to 4015 on Monday, ES has not printed above it. This is a weak position in the LT and Bulls need to see it recovered.In the ST, ES is spending too much time in the 3964 area and as I wrote on Friday "I would take price … [Continue reading]
Posted on Written by Chart Prophet

Like Monday, Tuesday's RTH Value Area was generated between the 3964 Support and the 4015 Resistance. Notes from Friday and Monday are still very relevant and highlighted on chart. … [Continue reading]
Posted on Written by Chart Prophet

Noteworthy development: the 15mn Control migrated to 4015 on Monday. This is now a more important level to monitor and pre-RTH today represents significant Resistance. A probe above 4015 was rejected yesterday. Bulls would want to see a daily Value … [Continue reading]
Posted on Written by Chart Prophet

As anticipated, the Support at 3964 has been tested. pre-RTH today ES has rallied and is approaching the 3wk Resistance at 4015. Time above that level (a daily Value Area) would be a sign of strength and put ES in a strong position. Price acceptance … [Continue reading]
Posted on Written by Chart Prophet

The Support at 3964 has been tested now, see previous notes on chart. Pre-RTH today the low has been 3962.75. Rejection here would be a positive sign, and price recovering above 4015, the minor Control. I would take price acceptance at 3964 or lower … [Continue reading]