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Thursday's Value Area (time) was generated above 4536, which is a first sign of strength, see yesterday's comments. Today the level to monitor is 4579 as Support. The next sign of strength would be time printed above 4622 Resistance. As mentioned … [Continue reading]
From pre-RTH yesterday "New longs are eliminated for me until Significant Buying (green) is marked again or ES prints a Value Area back above the 4672.50 Control." On Wednesday an early rally faded quickly to new lows for this move. Today I'm … [Continue reading]
I've been writing that a Value Area printed entirely below the 4672.50 Control would be a concern for the Bulls. That happened on Monday. Also that the first mechanical indication of weakness in the longer-term would be a RTH close below 4645.75 … [Continue reading]
I've been writing that a Value Area printed entirely below the 4672.50 Control would be a concern for the Bulls. That's what we saw yesterday. The first mechanical indication of weakness in the longer-term would be a RTH close below 4645.75 … [Continue reading]
I've been writing that a Value Area printed entirely below the 4672.50 Control would be a concern for the Bulls. Price during Friday's shortened session took place below that level - I'm interested to see what develops today but ES is in a weak … [Continue reading]
Big sell-off overnight. As I've been writing, a Value Area printed entirely below the 4672.50 would be a concern for the Bulls, and the first mechanical indication of weakness in the longer-term would be a RTH close below 4645.75 (dashed on chart), … [Continue reading]
ES needs to hold the 4672.50 Support. A Value Area printed entirely below that level would be a concern for the Bulls. First indication of weakness in the longer-term would be a RTH close below 4645.75 (dashed), 12th Nov Buying Day low. … [Continue reading]
Last five Value Areas have been printed entirely above 4672.50 - the First Support. That's a sign of strength. Today that Support was briefly tested after the RTH open and quickly rallied above 4690. First indication of weakness in the … [Continue reading]
Thursday's RTH briefly tested the First Support at 4672.50 and then immediately rallied, that's positive price action. Last four Value Areas have been printed entirely above that level. That's a sign of strength. First indication of weakness in the … [Continue reading]
Thursday's RTH briefly tested the First Support at 4672.50 and then immediately rallied, that's positive price action, see Monday's comments. The 10dy has moved to 4689 and price relative tp that level is worth watching today. Last three Value … [Continue reading]