Daily analysis - Stock Market, Bonds, Forex and more
I wrote yesterday that 'Control levels often come into play ahead of data releases etc so 6711 could attract time'. Transpired that ES "preferred" the more minor Control up at 6778.5 (a positive) which is where it ended Thursday's RTH. read this … [Continue reading]
read this post on Substack and subscribe I wrote yesterday that a 'minor Control has emerged at 6778.5 and price relative to that level is worth monitoring today'. That level was Resistance right off the open on Wednesday indicating ST weakness … [Continue reading]
I wrote yesterday 'as long as ES holds the Control it is in a strong position for a break higher' - however ES is taking its time to recover 6800, see note 6th Oct, and in the short-term we may be in for more consolidation especially with CPI data … [Continue reading]
Monday's Value Area was generated entirely above the 6711.0 Control (Support) which is a positive. Read this post on Substack ES is printing close to 6775, ninety minutes before RTH. Possibility of a dip towards 6750 today but as long as ES … [Continue reading]
The Control has migrated slightly higher to 6711 (now Support) and price relative to this level is important to monitor. There was some volatility at the end of the week but ES finished Friday at the Control. Pre-open today is printing up from … [Continue reading]
I wrote yesterday 'If Bulls are ready for new highs then 6702.5 (Control) should hold or recover a test quickly'. Recovered a test of it on Wednesday. Watching price relative to that level. May be some volatility though with options expiration on … [Continue reading]
I wrote 10/02 'Potential stall level today just below 6800'. Clearly ES did stall at that level for a number of days but may now have recovered from the subsequent sell-off. read this post on Substack The Control migrated lower to 6669 (which … [Continue reading]
I wrote yesterday 'It is now critically important to monitor price relative to the 6702.5 Control - Bulls would want price printing time back above that Level'. You can see from the chart that ES struggled to recover that level in Monday's … [Continue reading]
On Friday ES tried for the fourth time at the 6800 Resistance but was again rejected at the RTH open. This time it gave up and declined sharply, broke the Major Support at 6702.5 and tested 6500 late in the day. There has been a recovery and ES … [Continue reading]
I wrote yesterday 'Today I'm watching (again) how price behaves around 6800. If ES can print some time above that level we should see it higher.. also SPY has had a cap at 673 for last two days so I'll be watching that level as well'. read this post … [Continue reading]