
Following the sharp sell-off at the end of last week, ES has today tested the May low and printed its lowest level since March last year. … [Continue reading]
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Posted on Written by Chart Prophet

Following the sharp sell-off at the end of last week, ES has today tested the May low and printed its lowest level since March last year. … [Continue reading]
Posted on Written by Chart Prophet

Since the 2mn Control migrated to 4147 last week, ES has been unable to print significant time above that level - see note 06/01 on chart. Last five Value Areas have been generated below that price. I wrote Bulls would want ES back above 4147. … [Continue reading]
Posted on Written by Chart Prophet

4147 (now 4mn Control) remains a problem for ES with little time being printed above that Resistance - see note 06/01, highlighted on chart. ST: I wrote yesterday "4079 which is ST VAL and could reject price back higher". That's what we saw … [Continue reading]
Posted on Written by Chart Prophet

Since the 2mn Control migrated to 4147 on Wednesday, ES has been unable to print significant time above that level - see note 06/01. Value Areas on Friand Mon were generated entirely below that price. Bulls would want ES back above 4147. As I … [Continue reading]
Posted on Written by Chart Prophet

Pre-RTH Open today ES is printing back above the 4147 control in a stronger position. Time above that level is a ST indication of strength. … [Continue reading]
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]