Daily analysis - Stock Market, Bonds, Forex and more
The 3mn controlling price migrated higher to 3672 earlier in the week. Price relative to that level is important to moniotor. Strength is indicated if ES is printing above that point. Wednesday's Value Area was printed entirely above that … [Continue reading]
The 3mn controlling price has migrated higher to 3672. Price relative to that level is important to moniotor. Strength is indicated if ES is printing above that point. In the longer term ES appears to have a problem printing convincingly above … [Continue reading]
There has been a faster, more convincing, rejection of 3700 than earlier in the month (see previous comments highlighted on chart). With the sentiment measures getting extreme and the time resistance around this date (again, see previous comments) we … [Continue reading]
ES has recovered back above 3671.50, the 1 month S/R, and Thursday's Value Area was printed entirely above that level which is now Support. There is time Resistance around 21st as previously mentioned. Sentiment: My version of the Rydex Assets … [Continue reading]
ES has recovered back above 3671.50, the 1 month S/R. That level is now Support. There was a rejection of 3700 last week - I eliminated new longs until Significant Buying (green) is marked again. ES will print above 3700 today. There is time … [Continue reading]
Monitoring price relative to the 1 month S/R at 3671.50. As I write, a few minutes after the open, ES has printed higher, close to that Resistance, but not exceeded it. There was a rejection of 3700 last Wednesday - I eliminated new longs until … [Continue reading]
The 1 month S/R is at 3670. Price relative to that level at the start of this week would be worth monitoring. Pre-open ES is printing above that level in a strong position. There was a rejection of 3700 last Wednesday - I eliminated new longs … [Continue reading]
On 11/18, I wrote >>from the distribution analysis there may be a fast rejection if price prints above 3700. That's an "if" for the moment.<< see highlighted comments on chart. We saw a swift rejection of that level on Wednesday with ES … [Continue reading]
On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes … [Continue reading]
On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support. As long as ES holds the minor Support at 3557 it is in a strong position in the ST. Bias of the market remains up but if price probes … [Continue reading]