Daily analysis - Stock Market, Bonds, Forex and more
Monday's RTH session generated a value Area entirely above 4163, the 3mn controlling price, which is an indication of strength, see yesterday's pre-open comments. That level is now important Support. Sentiment: My version of the Rydex Assets Ratio … [Continue reading]
The 3mn controlling price at 4163.0 was exceeded on Friday and pre-open today ES is printing above that level in a strong position. A Value Area generated above that price would be bullish. Bulls would want to see ES hold 4163 or recover a test … [Continue reading]
ChartProfit Chart Book - week ending 21st May 2021 … [Continue reading]
The 3mn controlling price at 4163.0 has capped the upside this week. On Tuesday there was a RTH close below 4135, the previous Friday's Buying Day low, and this was an indication of weakness. On Wednesday ES generated a sharply lower Value Area but … [Continue reading]
The 3mn controlling price at 4163.0 has capped the upside this week. On Tuesday there was a RTH close below 4135, Friday's Buying Day low, and this is an indication of weakness. ES printing time below 4163 increases the chance it will test the next … [Continue reading]
The 3mn controlling price at 4163.0 has capped the upside this week. On Tuesday there was a RTH close below 4135, Friday's Buying Day low, and this an indication of weakness, see yesterday's comments. As written at the start of the week, a Value Area … [Continue reading]
The 3mn controlling price at 4163.0 capped the upside on Monday. A Value Area generated above that level would be bullish. A RTH close below 4135, Friday's Buying Day low, would now be first indication of weakness. Sentiment: My version of the … [Continue reading]
The 3mn controlling price has migrated lower to 4163.0. Price relative to that level is now important to monitor. A Value Area generated above 4163 would be bullish. Pre-open ES is printing below that point. Aggressive Buying (green) was marked on … [Continue reading]
ChartProfit Chart Book - week ending 14th May 2021 … [Continue reading]
ES needs to recover 4181 before I look at new longs. That controlling price could migrate (best guess would be to 4122.5 or 4135.5) and that would change things. Next big Support is at 3897. Sentiment: My version of the Rydex Assets Ratio was … [Continue reading]