
The minor (15day) Control has moved to 6095. Price relative to that level is worth monitoring today. First mechanical sign of weakness is a RTH close below 6072.5, Wednesday's Buying Day Low. … [Continue reading]
Daily analysis - Stock Market, Bonds, Forex and more
Posted on Written by Chart Prophet
The minor (15day) Control has moved to 6095. Price relative to that level is worth monitoring today. First mechanical sign of weakness is a RTH close below 6072.5, Wednesday's Buying Day Low. … [Continue reading]
Posted on Written by Chart Prophet
Significant Buying (green) marked again on Wednesday as ES sets another high. Buyers are Active and Effective, see note 11/25. First mechanical sign of weakness is a RTH close below 6072.5, yesterday's Buying Day Low. … [Continue reading]
Posted on Written by Chart Prophet
Positive price action since 11/21, see highlighted notes on chart. ES breaking higher. … [Continue reading]
Posted on Written by Chart Prophet
First Support at 6022. Monday's Value Area was generated entirely above that level which is a positive. Mechanically, the first sign of weakness would be a RTH close below 6049.75, yesterday's Buying Day (green) Low. … [Continue reading]
Posted on Written by Chart Prophet
Positive price action since 11/21 see highlighted notes on chart. First Support moved higher to 6006, see note 11/27, ES then found Support at that level. First Support then moved higher again to 6022 which was tested and rejected on Friday, see … [Continue reading]
Posted on Written by Chart Prophet
The minor Control has moved higher to 6006 (from 5918) - this is now First Support. Yesterday was a Buying Day (green) - The first mechanical sign of weakness would be a RTH close below 6011.25, yesterday's Buying Day (green) low. … [Continue reading]
Posted on Written by Chart Prophet
Price action improved on Thursday following an early, rejected test of the Support at 5918, see note 11/21. First Support is now 5954, the 1/2R off this month's high. I assume Bulls have resumed control unless that Support is broken. … [Continue reading]
Posted on Written by Chart Prophet
In Thursday's RTH there was an early, rejected test of the Support at 5918, see yesterday's note. I wrote Price relative to 5918 (currently Support) is important to monitor. As it is today - but Thursday's Value Area was generated entirely above that … [Continue reading]
Posted on Written by Chart Prophet
Development: The minor (3wk) Control migrated to 5918. This level may attract more time. Price relative to 5918 (currently Support) is important to monitor. … [Continue reading]
Posted on Written by Chart Prophet
Friday's low was briefly tested at Tuesday's RTH open and ES rallied immediately. The 1/2R Resistance from last week's high at 5944.25 has been tested today but not exceeded. That's the first challenge for Bulls in the ST. Time above that level would … [Continue reading]