Daily analysis - Stock Market, Bonds, Forex and more
Last week's high came in at the 3387 Resistance (dashed line). Pre-open Thursday I wrote "A Value Area above 3387 would be the next positive to look for and confirm the Buyers are back in control", (highlighted above). This clearly hasn't happened … [Continue reading]
ChartProfit Chart Book - week ending 2nd October 2020 … [Continue reading]
Thursday's session high came in at the 3387 Resistance, see yesterday's highlighted comments. With the sell-off on news overnight, ES is printing below 3342.5, the minor poc and is in a weaker position. I wrote yesterday "A Value Area above 3387 … [Continue reading]
Read yesterday's highlighted comments on chart. The minor poc has migrated slightly to 3342.5. As long as ES holds above that level it could be ready to make a directional move higher. Pre-open the high has been 3388 which is above the 3370.5 poc. … [Continue reading]
Pre-open on 09/21 I identified 3220 as an area of Support. That held last week (+), see Value Areas. Significant Buying was marked twice (+). Monday's Value Area was higher than any last week (+). Despite the positives I would want to see at least a … [Continue reading]
Pre-open on 09/21 I identified 3220 as an area of Support. That held last week, see Value Areas. Significant Buying was marked twice. Pre-open today ES prints above 3330. Time below that Support, now proven, would indicate further … [Continue reading]
ChartProfit Chart Book - week ending 25th September 2020 … [Continue reading]
Please read yesterday's highlighted comments. This week there has been brief tests of the 3220 area of Support but Value Areas have been generated above that level. Price below that, now proven, Support would indicate further weakness. Pre-open today … [Continue reading]
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]
