Daily analysis - Stock Market, Bonds, Forex and more
On 3rd Sep, there was a day session close below the low of the previous day which was a Buying Day. I call this a "disruption" for the Buyers and it often leads to further weakness. Same thing happened yesterday, with a close below Tuesday's Buying … [Continue reading]
The 3220 area of Support held up well on Monday, see Monday's pre-open comments, highlighted. Bulls would want to see that level hold. Tuesday's session generated a higher Value Area and Significant Buying (green) was marked. That's encouraging but … [Continue reading]
The 3220 area of Support held up well yesterday, see yesterday's pre-open comments, highlighted. Bulls would want to see that level hold but new longs still eliminated, at least until Significant Buying is marked again. Price below 3220 would further … [Continue reading]
Like Thursday, Friday's Value Area was generated below the 3370.5 poc. Also on Friday, Aggressive Selling was marked, see previous comments highlighted on chart. Overnight and pre-open today, ES has declined sharply. 3220 may be an area of Support … [Continue reading]
ChartProfit Chart Book - week ending 18th September 2020 … [Continue reading]
Thursday's Value Area was generated back below the 3370.5 poc, see pre-open comments 10th Sep, highlighted on chart. ES is in a weaker position below the poc but appears to be oscillating around it. Price action like this often results in a migration … [Continue reading]
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]