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rimshot

04/30/20 10:40 AM

#253 RE: rimshot #250

/ES futures 2868.13 = the bull/bear pivot value when
using a 5 trading days look back period for the Volume by Price
analysis conducted at the market open on April 30th

bulls need a lasting hold above the 2868.13 level

the weekly Pivot value is more than 45 points below this level,
and the monthly Pivot value is more than 240 points lower

/ES 2807.73 = 50-day EMA value at the April 29th close,
and
bears need to violate the 50-day EMA to achieve traction
for a future decline with probable Staying Power

/ES 2765.12 = 50-day SMA at the April 29th close

/ES approx. 3000 = the 200-day SMA at the April 29th close

repeated from earlier post -

/ES futures 2902.45 = the bull/bear pivot value when
using a 360 trading days look back period for the Volume by Price
analysis conducted at the market open on April 29th

bulls need a lasting hold above the 2902.45 level

higher /ES vigilance price levels that are still valid, as price action is now rising toward
the bull/bear pivot values detailed below:

** bulls must recapture and hold above the /ES futures 2925 level in order
to cement control of the price action going forward **

excerpt from the March 3, 2020 post -

/ES futures Volume Profile analysis shows:

that accepted fair value
based on the actual transaction volume size at various price levels
over the 500 points distance in recent weeks resides at:

the 2925 level more than any other single price region achieved in the recent 180 trading days

there are other significant price values for establishing the recent accepted fair value based on the size
of the total transactions at each price level:

2980 region
3000
3092
3118 region

link to the March 3rd post -

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154139248