graphic posted earlier today did not have text – this does

posted 05.38a.m. EST from pre-open analysis Tuesday 17th March >>Until effective selling is seen I am making the following assumptions: Buyers are in control on this timeframe. If time is spent printing in the area of 752 then we may well see value building and sideways price action for a while.  More bullish would be […]

 

posted 07.40am EST from pre-open analysis Monday 16th march >>..if sellers reject a probe into the 768 price area quickly today then we may well see some backing and filling early this week, possibly focused around 752.   Hourly oscillators are a little overbought. Unless we see significant selling activity (red) and sellers taking control back […]

posted 09.15am EST from pre-open analysis Friday 13th March >>Buyers are in control of the daily timeframe. There has been no significant response from the sellers, 768 area may bring a response.  Thursday’s profile suggests continuation higher today; i.e. most of today’s day session is likely to be in an area overlapping/above Thursday’s value area […]

posted 07.05am EST from pre-open analysis 03-12 >>Sellers responded yesterday but not convincingly. Tuesday closing above 3 days highs and then Wednesday’s value area holding above 705-707 was more strength than we have seen for a while and may indicate a shift in control to the buyers, at least temporarily.   As long as we hold […]

713.25 was Wednesday’s day session low not 712 >>Looking at yesterday’s profile, stats suggest a test of yesterday’s low (712) during today’s day session – if that doesn’t happen it would be another minor bullish indication.  Maybe the pre-open probe down to  711.25 was enough.<<

posted 09.05am EST from pre-open analysis 0311 >>Most of the major charts closed above three days worth of highs and that would normally mean continuation higher in the near term especially with daily oscillators moving higher from oversold. If the market is going to move higher in the minor timeframe then the zone 705-707 will […]

posted 5.41a.m. EST from pre-open analysis 0310 >>In my judgement the sellers are resting, forcing a response from the buyers. As significant buying activity has not yet been seen I would still judge the 705/707 area as too far above recent value to not attract sellers.  If significant sellers do not emerge at that level, […]