Daily analysis - Stock Market, Bonds, Forex and more
The low last week was a test of First Level Support at 3106.50 on Thursday, see chart and previous comments. ES rallied immediately and generated a higher Value Area on Friday with Aggressive Buying (green-at-top) being marked. As long as ES holds … [Continue reading]
ChartProfit Chart Book - week ending 10th July 2020 … [Continue reading]
Early in Thursday's session the First Level Support at 3106.50 was briefly tested and ES rallied immediately, see previous highlighted comments. As long as ES holds that level it is in a strong position in the ST. Longer-term Support is at 2926, the … [Continue reading]
Last four Value Areas have been generated above 3106.5, the 10mn poc. As long as ES holds that level it is in a strong position in the ST. Longer-term Support is at 2926, the 2yr. Key charts FTSE 100: recent multiple rejections at 6312 (1/2R … [Continue reading]
Last three Value Areas have been generated above 3106.5, the 10mn poc. As long as ES holds that level it is in a strong position in the ST. Longer-term Support is at 2926, the 2yr. Key charts FTSE 100: recent multiple rejections at 6312 (1/2R … [Continue reading]
Last two Value Areas have been generated above 3106.5, the 10mn poc. As long as ES holds that level it is in a strong position in the ST. Longer-term Support is at 2926, the 2yr. Key charts FTSE 100: recent multiple rejections at 6312 (1/2R … [Continue reading]
Thursday generated a Value Area entirely above 3106.5, the 10mn poc. As long as ES holds that level it is in a strong position in the ST. Longer-term Support is at 2926, the 2yr. Pre-open today ES has printed above 3170. Key charts FTSE 100: … [Continue reading]
ES has opened higher today. See yesterday's pre-open comments, highlighted on chart. On Wednesday enough time was spent at 3106.5 to lift the 10mn to that level. This is now First Level Support. Key charts FTSE 100: recent multiple rejections at … [Continue reading]
Tuesday's session opened just above 3036.5, the 10mn poc, and then immediately rallied. I wrote yesterday that "Bulls would want to see a VA printed back above that level" and that's what we saw, with Aggressive Buying (green-at-top) being marked. A … [Continue reading]
Last two Value Areas have been generated below 3036.5, the 10mn poc, = weak position. Bulls would want to see a VA printed back above that level. If there is further weakness this week then hopefully the minor Value Area Low at 2951 would reject a … [Continue reading]