Daily analysis - Stock Market, Bonds, Forex and more
ES emini futures 26th November 2018 - pre-open from Chartprofit Pre-open today ES has printed above 2660. This is still a LT weak position because it is below 2718, the major poc, but it is interesting that very little time has been spent below … [Continue reading]
GBPUSD 16th Nov: >>GBPUSD remains in a weak position. A higher low above 1.2978, the minor 1/2R off August low would be first sign of strength.<< … [Continue reading]
USO has broken below the 11.41 Major Support today. … [Continue reading]
GLD 9th Nov: This week the 11 month controlling price migrated to 116. Price below that level is weak location. … [Continue reading]
SPY remains in a weak LT position below its 18mn controlling price at 271.70 … [Continue reading]
The NAAIM Exposure Index has fallen to 30.55, the lowest since the market low in February 2016. … [Continue reading]
AAII (public poll). Bulls% was lower at 25.3% this week, the lowest since September 2017. Bears% was higher at 47.1%, the highest since February 2016. The nett (Bulls minus Bears) is at -21.8, the lowest since the market low in February 2016. … [Continue reading]
emini futures 23rd November 2018 - pre-open from Chartprofit Pre-open today ES has printed as low as 2626. It is in a weak position, see previous highlighted comments, above. ETFs Maj POC Resistance: SPY 271.7, IWM 153.5 Stocks>50dyma … [Continue reading]
emini futures 20th November 2018 - after close from Chartprofit On 10/29 there was a rejected test of 2605, the 12mn Value Area Low (VAL). ES then rallied and on 11/07 there was a rejected probe above 2806, the 12mn Value Area High (VAH). Both … [Continue reading]
emini futures 20th November 2018 - pre-open from Chartprofit Monday's session generated a Value Area entirely below 2718, the major poc, which immediately put it back in a weak position. As I wrote last week, "prudent Bulls would wait for … [Continue reading]