Daily analysis - Stock Market, Bonds, Forex and more
Value Areas this week have been generatedentirely above 4163 (3mn controlling price) which is an indication of strength. ES has been consolidating above that impoartant Support. Bulls would want to see ES hold that level or recover quickly from a … [Continue reading]
Both RTH sessions have generated this week Value Areas entirely above 4163, the 3mn controlling price, which is an indication of strength. That level is now important Support. Sentiment: My version of the Rydex Assets Ratio was unchanged at 25.45. … [Continue reading]
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]