Daily analysis - Stock Market, Bonds, Forex and more
Value Areas this week have been generated back above the 3370.5 poc which was encouraging but I wrote pre-open last Thursday we need to see "Significant Buying (green) marked above that level to consider new longs". Following the Fed announcement, ES … [Continue reading]
Value Areas on Monday and Tuesday were generated back above the 3370.5 poc. That's a stonger position. As I wrote pre-open Thursday we need to see "Significant Buying (green) marked above that level to consider new longs". Markets are waiting for the … [Continue reading]
Monday's Value Area was generated back above the 3370.5 poc. That's a stonger position. As I wrote pre-open Thursday we need to see "Significant Buying (green) marked above that level to consider new longs". Stocks>50dyma Nyse 56% (from 48%), … [Continue reading]
Friday's Value Area was generated entirely below the 3370.5 poc. That's a weak position. As I wrote pre-open Thursday we need to see "Significant Buying (green) marked above that level to consider new longs". Pre-open today ES prints just below the … [Continue reading]
ChartProfit Chart Book - week ending 11th September 2020 … [Continue reading]
See yesterday's highlighted comments on chart. Intraday on Thursday ES found Support at 3370.5 but a decline below that level into the session close left ES near the lows for this weeks sell-off. As I wrote pre-open yesterday we need to see … [Continue reading]
See yesterday's comments highlighted on chart. ES opened the session just below the 3370.5 poc and rallied immediately generating a Value Area entirely above that level. That's encouraging but need Significant Buying (green) marked above that level … [Continue reading]
Sharp sell-off last Thursday. Friday bounced back but generated a lower Value Area. Tuesday's VA was lower again and was generated below the 3370.50 Support, see yesterday's highlighted comments on chart. Bulls would want to see 3370.50 recovered … [Continue reading]
Sharp sell-off on Thursday and Friday generated a lower Value Area. As I wrote pre-open Friday "There is Support at the 3370.50 poc but it is relatively minor". That Support was briefly tested but Friday's VA was almost entirely above that level. A … [Continue reading]
ChartProfit Chart Book - week ending 4th September 2020 … [Continue reading]