Daily analysis - Stock Market, Bonds, Forex and more
As I went over in last night's update - yesterday was a positive day for the Bulls with ES immediately rejecting a test of the 6956 Control at the RTH open. It was 'a positive and a statement from the Buyers - 6956 is now a proven level and price … [Continue reading]
From today’s pre-RTH note ‘More time spent at 6956 on Friday - elevating its status to 6mn Control… Price relative to this level is very important to monitor. ‘ See 5minute chart below. At Open there was an immediate rejected test (less than an … [Continue reading]
More time spent at 6956 on Friday - elevating its status to 6mn Control (migrating higher from 6907). Price relative to this level is very important to monitor. read this post on Substack … [Continue reading]
Development: The 1mn Control has migrated back to 6956. In the ST, price relative to this level is worth monitoring. read this post on SubstackIn the LT, the levels given yesterday are still active. First of which is the 6-month Support at 6907, … [Continue reading]
ES 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 … [Continue reading]
ES 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 … [Continue reading]
I wrote on Friday 'ES must hold 6956 to maintain a strong position'. Friday's session held that Support but events have overtaken and ES suffered a sharp markdown. read this post on Substack The 12-month Support at 6845 has been closely … [Continue reading]
ES must hold 6956 to maintain a strong position, see yesterday's note, highlighted on chart. read this post on SubstackST: Today there is 6day Resistance at 7007.0 - a break above that could extend. … [Continue reading]
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. read this … [Continue reading]
