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..has bounced but remains in weak position below the major control On Thursday the major poc migrated to 4396, see Friday's pre-RTH notes. I wrote "This is not necessarily a bullish or bearish development but price relative to that level is now … [Continue reading]
Major reference level has moved The major poc has migrated higher from 4354, to 4396. This is not necessarily a bullish or bullish development but price relative to that level is now the focus, and critical. above/below = strong/weak on the longer … [Continue reading]
The VAH, dashed line on chart, was probed last week and the week before - both rejected, see comments 2nd Feb, on chart. In Summary, ES has tested the VAH and now the poc at 4354, of the major distribution. Bulls would want to see that Support hold; … [Continue reading]
Support at 4354 held so far. The VAH, dashed line on chart, was probed last week and the week before - both rejected, see comments 2nd Feb, on chart. In Summary, ES has tested the VAH and now the poc at 4354, of the major distribution. Bulls would … [Continue reading]
The VAH, dashed line on chart, was probed last week and the week before - both rejected, see comments 2nd Feb, on chart. In Summary, ES has tested the VAH and now the poc, see below, of the major distribution. I've shown the price action since … [Continue reading]
The VAH, dashed line on chart blow, was probed last week and rejected - and again this week. I've been writing that "Acceptance (time) at this level or higher would be an indication that we are in a new distribution up". The last 9 Value Areas … [Continue reading]
The VAH, dashed line on chart, was probed last week (rejected) and again yesterday. Acceptance (time) at this level or higher would be an indication that we are in a new distribution up. The last 8 Value Areas have been printed above the Major … [Continue reading]
There was rejection last week at the Value Area High, dashed line on chart, see previous, highlighted comments. Bulls would want to see acceptance (time) at that level or higher which would be an indication that we are in a new distribution … [Continue reading]
ES between the 4588 VAH, and the 4354 control Support. A 5wk control has emerged at 4484 and price relative to that level is worth monitoring today. Pre-RTH ES is printing below that level in a weaker position. Mechanically, a RTH close below the … [Continue reading]
There was a fast rejection last week of the VAH, dashed line on chart, and see previous, highlighted comments. Bulls would want to see acceptance (time) at that level or higher which would be an indication that this is a new distribution higher. … [Continue reading]