Daily analysis - Stock Market, Bonds, Forex and more
I wrote yesterday 'ES is currently attempting to break higher' out of the 'Low-conviction zone between 6956 and 6853'. That didn't happen. From the RTH-open ES fell back through the zone and pre-RTH today has briefly tested 6853, the Major Control. … [Continue reading]
Low-conviction zone between 6956 and 6853. ES is currently attempting to break higher and as I wrote 02/20 'A break above/below those bands might well indicate the next directional move'. read this post on SubstackST: Price relative to 6949.5 … [Continue reading]
ES has rallied once again from the Major Support at 6853 but remains in the low-conviction zone between that level and 6956. read this post on Substack ES may be ready to break out of this range and as I wrote 02/20 'A break above/below those … [Continue reading]
I wrote on 13th Feb 'As I have noted many times, a quick rush back to the major Control is what happens when the market is spooked by an event/news/uncertainty and there's a urgent need for balance'. ES did this again on Monday with a sharp decline … [Continue reading]
On Friday ES continued to print in the low-conviction zone between 6956 and 6853. pre-RTH 02/19 I wrote 'the Major at 6853 should now provide significant Support if tested - still leaning bullish if that holds'. That level did hold on Thu and Fri … [Continue reading]
ES spent Thursday's session printing in the low-conviction zone between 6956 and 6853, see yesterday's note. read this post on SubstackA break above/below those bands might well indicate the next directional move. Price relative to a v. minor … [Continue reading]
ES is in a low-conviction zone between two levels. The Major at 6853 should now provide significant Support if tested - still leaning bullish if that holds - but price back below that level would be a concern re the LT trend as previously mentioned. … [Continue reading]
I wrote Friday, 'in the longer timeframe there's no need for panic but ES must hold the major (6853)… ST could easily see a test of 6800 or lower but hopefully a bounce'. read this post on Substack We did see a brief test of 6800 on Tuesday … [Continue reading]
I wrote Friday, 'in the longer timeframe there's no need for panic but ES must hold the major… ST could easily see a test of 6800 or lower but hopefully a bounce'. read this post on Substack Pre-RTH today, ES prints below the Maj Control (now … [Continue reading]
I wrote Thursday I was 'leaning to the Bullish side in the ST but price back below 6956 would obviously not be welcome'. Shortly after the RTH open, ES broke below 6956 and then a straight-down decline, a consolidation, and a late-in-the-session test … [Continue reading]