Daily analysis - Stock Market, Bonds, Forex and more
Early in Monday's session there was a rejected probe of 3851, the v minor (8day) controlling price. See yesterday's pre-open comments, highlighted. Following that rejection, ES fell quickly to test the 1mn Support at 3797, again see yesterday's … [Continue reading]
Dayframe: a v minor (7day) controlling price has emerged at 3851. Price relative to this level at the start of this week is worth monitoring. The 1mn cp is at 3797.00. Price printing time back below this level would be the first sign of weaknes in … [Continue reading]
The 1mn controlling price migrated to 3797.00 last week, see previous, highlighted comments. In the ST, price printing time back below 3797 would be the first sign of weakness. In the longer time-frame, ES is in a strong position if it holds above … [Continue reading]
The 1mn controlling price migrated to 3797.00 last week, see previous, highlighted comments. During Tuesday's session ES rallied to find Resistance at that level, see chart. Wednesday was strongly higher and Aggressive Buying (green) was marked. In … [Continue reading]
The 1mn controlling price migrated to 3797.00 last week, see previous, highlighted comments. On Friday we saw a day-session close below 3783 which was the low of last Wednesday's Buying Day and that is usually a sign of weakness in the ST. During … [Continue reading]
The 1mn controlling price migrated to 3797.00 last week, see previous, highlighted comments. On Friday we saw a day-session close below 3783 (the low of last Wednesday's Buying Day) and that is usually a sign of weakness in the ST. Overnight, ES has … [Continue reading]
ChartProfit Chart Book - week ending 15th January 2021 … [Continue reading]
The 1mn controlling price for the e-mini SP500 migrated to 3797.00 on Tuesday. Value Areas on Wed and Thu were generated above that level which is a positive indication but a day-session close below 3783 (the low of Wednesday's Buying Day) would … [Continue reading]
The 1mn controlling price migrated to 3797.00 on Tuesday, see yesterday's comments. Wednesday's Value Area was generated above that level and Aggressive Buying (green) was marked, both indications of strength. That view goes wrong with a day-session … [Continue reading]
The 1mn controlling price has migrated to 3797.00. In the ST that's significant and price relative to that level is worth monitoring, above/below = strong/weak in the ST. In the LT, ES is in a strong position if it holds above 3672. Significant … [Continue reading]