Significant Buyers (green) have been very active, but effective. First sign of weakness in this trend is now a RTH close below 4115.50 (dashed line), the low of the most recent Buying Day which Tuesday. Sentiment: My version of the Rydex Assets Ratio reached 29.12 on 04/13 (Tuesday). This is the highest reading ever and […]
emini 13th April 2021
Significant Buying (green) was marked on Friday. The low of that Buying day is 4086.75. A RTH close below that level would be first sign of weakness in this trend. A move above 4150 is likely, see previous, highlighted comments on chart. Stocks>50dymaNyse 76% (from 78%), Nasdaq 63% (from 64%), R2000 68% (from 70%). Numbers […]
e-mini 12th April 2021
Significant Buyers (green) have been marked three times in last six days. A move above 4150 is likely, see previous, highlighted comments on chart. The low of Friday’s Buying day is 4086.75. A RTH close below that level would be first sign of weakness in this trend. Stocks>50dymaNyse 78%, Nasdaq 64%, R2000 70%. Numbers >50 […]
ES_F 9th April 2021
The distribution patterns suggest a move above 4150 but rejection above that level would be likely. Price back below 3897, the 7-month Support, would indicate a change in trend in the longer time-frame. Stocks>50dymaNyse 79% (unch), Nasdaq 65% (from 61%), R2000 71% (from 68%). Numbers >50 are supportive. Sentiment: My version of the Rydex Assets […]
e-mini 7th April 2021
On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but rejection above that level would be likely. Stocks>50dymaNyse 82% (from 80%), Nasdaq […]
e-mini SP500 5th April 2021
On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern, see previous, highlighted comment on chart. Price back below 3897 from here would be a significant negative indication. Stocks>50dymaNyse 71%, Nasdaq 63%, R2000 71%. Numbers >50 […]
e-mini 24th March 2021
Late last week, ES tested the 1month Support at 3898 but recovered. This happened again in yesterday’s session. Currently ES is printing back above 3900. The last nine Value Areas have been generated above this Support which needs to be held if a strong position is to be maintained in the ST. More important LT […]
e-mini 12th March 2021
The minor poc has now migrated slightly lower to 3898 and in the dayframe this is Support.
e-mini 11th March 2021
Early last week there was a rejected probe of the 1mn Resistance at 3907. This is still valid Resistance and was probed again on Wednesday. 2month Support is at 3831. ES needs to hold that price to maintain a strong position. Stocks>50dyma Nyse 80% (from 76%), Nasdaq 68% (from 65%), R2000 80% (from 77%). Numbers […]
e-mini 10th March 2021
Early last week there was a rejected probe of the 1mn Resistance at 3907. This is still valid Resistance. 2month Support is at 3831. ES needs to hold that price to maintain a strong position. Stocks>50dyma Nyse 76% (from 73%), Nasdaq 65% (from 60%), R2000 77% (from 74%). Numbers >50 are supportive. Sentiment: My version […]