ChartProfit
banner
chartprofit.bsky.social
ChartProfit
@chartprofit.bsky.social
S&P 500 emini trader. Not financial advice.
Pinned
#ES_F First Support (6week) can be moved up to 6814.5. That level tested and rejected twice overnight which is ST positive. More important Support at 6712.50, the Major Control.
#ES_F Development: The 1mn Control has migrated back to 6956. In the ST, price relative to this level is worth monitoring.
In the LT, the levels given yesterday are still active. First of which is the 6-month Support at 6907, see arrows on chart.
January 23, 2026 at 2:59 PM
#ES_F recovered the 12-month Support at 6845 on Wednesday, which is encouraging. Also the 6-month at 6907. Bulls would want to see 6907 hold or a test of that level recover. Looking for time (a Value Area) to build above 6907 to confirm a more positive view.
January 22, 2026 at 3:06 PM
S&P 500 - Does this help?
January 21, 2026 at 2:46 PM
#ES_F broke the 12-month Support at 6845 on Tuesday and currently prints below that level in a weak position. A test of the major Value Area Low (VAL) around 6790 might attract Buyers but I would want to see ES back above 6845 before considering long positions.
January 21, 2026 at 2:31 PM
#ES_F I wrote on Friday 'ES must hold 6956 to maintain a strong position'. Friday held that Support but events overtook & ES declined sharply. 12-month Support at 6845 has been approached overnight, see inset chart. Bulls need that level to hold - price below 6845 would be a LT weak position.
January 20, 2026 at 2:31 PM
#ES_F must hold 6956 to maintain a strong position, see yesterday's note, highlighted on chart.
ST: Today there is 6day Resistance at 7007.0 - a break above that could extend.
January 16, 2026 at 2:22 PM
#ES_F Development: 1month Control migrated higher to 6956.0. ES must now hold this level to maintain strong position. Looking higher if that happens.
First mechanical indication of weakness would be a RTH close below 6945.5, dashed on chart.
January 15, 2026 at 2:41 PM
#ES_F See yesterday's note, highlighted on chart. Support at 6952 (minor Control). Minor Resistance at 7008.0 - time above that level would be a positive.
January 14, 2026 at 2:41 PM
#ES_F I wrote on 01/08 that a rejected test of 6952 could set up a rally. There was a brief, rejected test of that Support overnight on Monday & ES has rallied strongly. Proven Support now at 6952 and first mechanical indication of weakness would be a RTH close below 6945.5, dashed on chart.
January 13, 2026 at 2:20 PM
#ES_F Overnight the minor Control at 6952 was briefly tested and rejected. Bulls would want that Support to hold - time below 6952 would be ST negative. First mechanical indication of weakness would be a RTH close below 6945.5 (dashed), Tuesday's Buying Day Low.
January 12, 2026 at 2:37 PM
#ES_F I wrote yesterday 'a rejected test of 6952 could set up a rally'. You can see from the chart that there was clear Support right there during yesterday's RTH, but this did not spark a rally, yet. Please also review yesterday's comments highlighted on chart.
January 9, 2026 at 2:19 PM
#ES_F watching price relative to min Control at 6952 & maj Control at 6906. Time < minor would indicate test of the major. A rejected test of 6952 could set up a rally. First mechanical indication of weakness would be a RTH close below 6945.5 (dashed on chart), Tue's Buying Day Low... more on chart
January 8, 2026 at 2:26 PM
#ES_F I wrote yday 'enough time was spent at 6952 to lift the minor Control back to that level... Can ES build time above that level? imo that would confirm the indication higher'. See the chart - clear Support at 6952 during yesterday's RTH. Significant Buying (green) was marked.... more on chart
January 7, 2026 at 2:35 PM
#ES_F I wrote yesterday 'Resistance (1mn) migrated to 6930.5 & time above that level would be a stronger position & indicate higher'. You can see on the chart that ES opened just above that level and Monday's Value Area was generated entirely above that price. Encouraging. However... more on chart
January 6, 2026 at 2:34 PM
#ES_F The important Control remains at 6906 and price relative to that level is important to watch (below would be a weak position). Resistance (1mn) has migrated to 6930.5 and time above that level would be a stronger position and indicate higher. #SPX
January 5, 2026 at 2:16 PM
I wrote yesterday ' #ES is in a ST weak position if it prints below 6955 & would indicate a test of 6930, minimum'. Overnight 6930 was tested. Unless time can be printed back above 6952 (new level) I would anticipate a test of the overnight low (6922.25) - 6912 would be a ST target.
December 31, 2025 at 2:33 PM
#ES_F Minor Control migrated to 6955. #ES is in a ST weak position if it prints below that level and would indicate a test of 6930, minimum. Time above 6955 would indicate higher. Major Support at 6906.
December 30, 2025 at 2:36 PM
Last week #ES_F generated Value Areas > 6906.0, the Major Control, which is encouraging. Today we are printing down from Friday's high but as long as ES holds 6906 it is in a strong position. Today there is minor Support at 6931. Weekly trend has been up since early June, for daily trend see chart.
December 29, 2025 at 4:37 PM
#ES_F Major Support is at 6906.0 for the March contract that we are now following. ES opened RTH just above that level. Daily technical trend would turn back up if that holds today; Weekly trend has been up since early June.
December 22, 2025 at 3:10 PM
#ES_F I wrote yday that 6768.5 was 'now important Support again'. You can see on the chart that it held four times during Thu's RTH. That's encouraging. However, enough time was spent at 6781.5 to lift the Major Control to that level and price relative to the new Control is worth monitoring today.
December 19, 2025 at 2:02 PM
#ES_F I wrote yesterday that the Major Control had moved to 6768.5. That was broken during yesterday's RTH but overnight has been recovered and is now important Support again. imo another break and time below that Support would indicate weakness on the longer timeframe.
December 18, 2025 at 2:36 PM
#ES_F Major Control has migrated to 6768.5 (from 6712.50). It is now very important that ES holds this level - Bulls wouldn't want time printed below that level. There is 1mn Resistance at 6847.5 (1mn). Note that for this week I am still reffering to the ES December contract. For SPY.. more on chart
December 17, 2025 at 2:39 PM
#ES I wrote yesterday 'Price relative to 6861.50 is important to monitor'. Monday's RTH opened just above that level (2mn Control) and then immediately sold off below it. Not great price action. The last two Value Areas have been generated entirely below the Control and... more on chart
December 16, 2025 at 2:25 PM
#ES Friday's Value Area was generated entirely below the 2mn (now) Control at 6861.50. In the ST this was an indication of weakness but the dip below 6810 is the lower end of the range that ES has been in since late November and 6861.50 has been recovered overnight. Friday's decline... more on chart
December 15, 2025 at 2:40 PM
#ES correction
Noticed there was a typo in the earlier send.
Should read:
First indication of mechanical weakness would be a RTH close below 6838, yesterday’s Buying Day Low.
December 12, 2025 at 5:05 PM