Emini Weekly Analysis July 25th to 29th

2016
Monthly: potential breakout from the longterm range of 2138 to 1784
Weekly: still 1TF higher from the last 4 weeks
Daily: range-bound, oscillating in range from 2169 to 2152

Monday 18th

Short squeeze profile, left a PoC at 2160.25 (very prominent)

Left an anomaly at 2157.25

Tuesday 19th

Poor low in AB, corrected in E period. Prominent PoC and anomalies at

2155.75 to 2154.50, and then a blocky formation at 2158.

Wednesday 20th

Further short-squeeze to create a P profile. Left a ledge formation

(4-wide) at 2169.75.

Thursday 21st

Initial balance rotations for the first 4 periods A-D then liquidation
with an arc shape on the to 2153.50

Friday 22nd

Further short squeeze day, leaving lots of anomalies on the

upside. Stopped a few days short of the 4-wide ATH level at 2169.25.

Levels

2162 is the level from 1784 +

2169.75 Weekly 4-wide ATH at 2169.75 (ledge formation)

2167.25 Daily PoC on the 22nd
2161.25 Daily Notch anomaly on 22nd
2111.00 Monthly June high
1981.25 Monthly June low after referendum

1948.25 Monthly Spike low in March

1784 Monthly Feb oil low