Daily analysis - Stock Market, Bonds, Forex and more
Price action over the last six days has been very volatile but ES finds itself back above 4353 - the 4mn control migrated to that price on Tuesday. ES needs to hold that level to retain its strong position (unless control moves again). There is … [Continue reading]
Yesterday I wrote that the picture had cleared and "If ES prints below 4353, as it is currently, it is in a weak position". ES opened RTH below that level, rallied in the pm and was testing that Resistance by session close; pre-open today price is … [Continue reading]
Since early September we've seen ES responding negatively on minor timeframes as controlling prices migrate lower. Now that's happened on a higher timeframe - the 5mn migrated to 4353 yesterday and ES sold off. This clears the picture and I can now … [Continue reading]
At the RTH open on Thursday, ES briefly tested 4367 from below and then ran lower. On Friday that area of Resistance was still a problem, see chart. As I wrote pre RTH on Wednesday "Bulls want ES printing above that level". Below that is a weak … [Continue reading]
At the RTH open on Thursday, ES briefly tested 4367 from below and then ran lower. On Friday that area of Resistance was still a problem, see chart. As I wrote pre RTH on Wednesday "Bulls want ES printing above that level". In the very minor … [Continue reading]
ChartProfit Chart Book – week ending 1st October 2021 … [Continue reading]
At the RTH open on Thursday, ES briefly tested 4367 from below and then ran lower. Pre-open 09/15, I wrote that there had been "a change in tone and one Bulls would want to see reverting". That bearish "tone" hasn't changed yet. ES has fallen again … [Continue reading]
Overnight ES has recovered back above 4367, the 15dy control. In the minor timeframe that's a positive. As I wtrote yesterday "Bulls want ES printing above that level. Time below that price and we could see another run lower". … [Continue reading]
The ST (15day) control has migrated lower to 4367. ES is printing very close pre-RTH. Bulls want ES printing above that level. Time below that price and we could see another run lower. Sentiment: my version of the Rydex Assets Ratio was slightly … [Continue reading]
Bulls looked like they were regaining control but yesterday pre RTH I wrote "Important to note that the 4mn has now migrated higher to 4440. Price relative to that level very is important to monitor. A value Area above/below could indicate the next … [Continue reading]