Daily analysis - Stock Market, Bonds, Forex and more
S&P 500 emini - 2nd March 2020 see previous highlighted comments. Aggressive Selling (red-at-bottom) was marked three times in last week's severe sell-off. The 2year poc at 2887 has been tested and Bulls would want to see that hold, or quickly … [Continue reading]
ChartProfit Chart Book - week ending 28th January 2020 … [Continue reading]
As you are aware, the markets have experienced a severe decline this week as fear over the spread of the coronavirus has caused a panic. European markets are down more than 12% this week and the U.S. is down more than 13%. The U.S. reached a new … [Continue reading]
S&P 500 emini 26th February 2020 There was a brief probe of the 3228 poc immediately after the open on Tuesday but that was rejected and ES sold off sharply once again, see yesterday's pre-open comments, highlighted on chart. Aggressive Buying … [Continue reading]
S&P 500 emini 25th February 2020 With yesterday's price action, the 5mn poc migrated to 3228.0. It is now extremely important to watch price relative to this level. Pre-open ES prints above the poc but time below it would be a negative … [Continue reading]
S&P 500 emini 24th February 2020 - pre-open from Chartprofit ES has declined sharply overnight and has tested the Support at 3249.0, the 4mn poc. As I have been writing, "First sign of LT weakness would be Effective Selling marked below that … [Continue reading]
from 31st Jan: "The 4month Support at 323.0 was tested at the end of the week. Bulls would want to see this level recovered quickly." That level was recovered quickly and SPY rallied. 323 is First Level Support. Chart updated. … [Continue reading]
from 14th Feb 20: "The 1/2R Support off August high, is at 141.69. Recent price action indicates that a higher low above that level may be forming". Chart updated. … [Continue reading]
from 24th Jan 20: "GLD is now probing 146.50 again, the maj VAH. As I wrote in early October "Acceptance (time) at that level would be bullish". Chart Updated … [Continue reading]
Dollar Index - The Major Value Area High at 99.50 was probed again this week, as in September. Looks like rejection, but acceptance (time) at or above this level would be bullish. … [Continue reading]