On Friday, ES broke below the 1month Support at 3898. This level needs to be recovered if a strong position is to be maintained in the ST. Pre-open ES printing above that level. More important LT Support is at 3831. Stocks>50dymaNyse 78% (from 79%), Nasdaq 66% (from 65%), R2000 76% (from 76%). Numbers >50 are […]
e-mini SP500 17th March 2021
Four Value Areas generated above the 1month Support at 3898. A strong position as long as ES holds that level. More important LT Support is at 3831. Stocks>50dymaNyse 83% (from 84%), Nasdaq 73% (from 75%), R2000 82% (from 84%). Numbers >50 are supportive. Sentiment: My version of the Rydex Assets Ratio was higher at 20.25. […]
e-mini 15th March 2021
The minor (1month) Support is at 3898. Value Areas on Thu and Fri were generated entirely above that level which means ES is in a strong position if it holds. 2month Support is at 3831. ES needs to hold that price to maintain a strong position in the longer time-frame. Stocks>50dyma Nyse 83% (from 81%), […]
e-mini 12th March 2021
The minor poc has now migrated slightly lower to 3898 and in the dayframe this is Support.