You are on page 1of 1

Emini Weekly Analysis October 2nd 2016

Monthly - potential breakout of the long term balance range of 2134 in


2015. Recent monthly bar a long-legged doji with a test down to the
2107 level.

Weekly - mostly a balance oscillation zone from the 2106 level to 2190
- 2191.

Daily - generally a confused uptrending balance from 2107 to


2173. Following a 35 degree line from the February low.

Monday 26th September

C period high - ragged liquidation profile, downslope indicating


incomplete.

Tuesday 27th September

Short squeeze profile after test down in A period, open rejection


reverse. E period mechanical high, likely continuation

Wednesday 28th September

First 4 periods liquidation revisited the anomalies from yesterday in


D period. Mechanical highs at 2151, squeezed through later to 2160s.

Thursday 29th September

Double distribution day, with liquidation in G period. I to K period a


17 pt rise.

Friday 30th September

Short squeeze after liquidation overnight. Touched the upside of a


descending line from the recent high. Then liquidation into the weekly
close, but an anomaly left on the upside

Levels:

2184 Monthly August ATH


2172 Weekly High from previous week
2166 Daily Anomaly from Friday
2162 Daily Prominent PoC from Friday
2150.50 Daily Friday's low
2148 Daily PoC from Thursday
2139 Weekly 35 degree line from the February low
2135.75 Weekly Overnight low from Friday
2110.50 Monthly September low
2129 Weekly Multiple weakish lows
2102 Monthly August high
2068 Monthly Intersection of multiple lines

You might also like