Daily analysis - Stock Market, Bonds, Forex and more
ST: Friday's Value Area was generated entirely above 4483, the minor (15day) control, that was a positive in the ST. That level is now First Level Support. LT: The first sign of weakness in the LT would be a Value Area printed entirely below … [Continue reading]
ChartProfit Chart Book – week ending 27th August 2021 … [Continue reading]
ST: in yesterday's RTH ES opened above 4483, the minor control, but very quickly broke that level, finding Resistance there later in the session, see yesterday's comments and chart. Price holding above 4483 would be the positive in the ST. LT: The … [Continue reading]
ST: Last week there was a rejected test of the 2month control at 4391.50 and ES has rallied strongly from there. There is a minor (10day) control at 4483, useful to monitor price relative to that level for ST positional strength/weakness. LT: The … [Continue reading]
ST: On Thursday last week there was a rejected test of the 2month control and ES has rallied strongly from there and yesterday price action consolidated Monday's gains. LT: The first sign of weakness in the LT would be a Value Area printed … [Continue reading]
ST: Monday's RTH close was above 4450, Wednesday's Selling Day high, which negates any ST implications of that Aggressive Selling. LT: The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month … [Continue reading]
The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control. That was a possibility on Thursday but didn't happen. A RTH close above 4450, Wednesday's high, would negate any ST implications of that … [Continue reading]
ChartProfit Chart Book – week ending 20th August 2021 … [Continue reading]
I've been writing that "First sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control". That was a possibility yesterday but didn't happen. Significant Selling (red) was marked for the first time in 42 days … [Continue reading]
I've been writing that "First sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control". That is a possibility today with ES printing below 4360 pre-open. Significant Selling (red) was marked for the first … [Continue reading]