
Three consecutive days of Aggressive Buying (green). The v. minor Control is now at 4118.0 and price relative to that level may be a useful ST reference today, e.g. as Support/Resistance in RTH. … [Continue reading]
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Three consecutive days of Aggressive Buying (green). The v. minor Control is now at 4118.0 and price relative to that level may be a useful ST reference today, e.g. as Support/Resistance in RTH. … [Continue reading]
Posted on Written by Chart Prophet

Wed RTH: ES opened, briefly tested the 3957 Support (given yesterday) and rallied strongly. That's further positive price action. ES is currently printing close to 4015, see previous, highlighted noted on chart. … [Continue reading]
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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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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]
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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]
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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]
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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]
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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]
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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]