Daily analysis - Stock Market, Bonds, Forex and more
Tuesday's RTH close was below the Buying Day Lows of 16th and 15th. This is the first mechanical sign of weakness in a month. Also ES printed time below the 3wk Control at 5908.5, see yesterday's note. And Significant Buying (red) was marked. … [Continue reading]
I wrote yesterday 'price relative to 5968.5 (v min Control) is worth monitoring - above/below = strong/weak.' read this post on Substack That level proved to be Resistance during the session and ES has declined overnight. There is 3wk Support … [Continue reading]
I wrote yesterday 'First sign of mechanical weakness would be a RTH close below 5924.75 (dashed line), Friday's Buying Day Low'. ES recovered strongly from a weak Open. I also wrote 'Otherwise I stay positive, even ST'. ES recovered strongly from a … [Continue reading]
Significant Buying (green) marked again on Friday which means first sign of mechanical weakness would be a RTH close below 5924.75 (dashed line), the Buying Day Low. Potentially that could happen today as ES has printed below 5900 overnight. … [Continue reading]
From yesterday's note "Bulls would hope that more time could be printed back above 5900". That what we saw. Significant Buying (green) was marked which means the first sign of mechanical weakness would be a RTH close below 5884.5 (dashed line on … [Continue reading]
Updating the post Relative Strength Index diverging on Weekly Charts published 1st October. Updated chart below. The first ‘divergent’ lower high on the oscillators was in the middle of 2024 and preceded a mild sell-off. You had to wait more than … [Continue reading]
From note 12th May: If a test of 5900 plays out, the reaction will be interesting to assess, i.e. whether that level is rejected or accepted (time). We did see the test of 5900 and since then ES has printed below 5870. Jury's out - Bulls would … [Continue reading]
5900 has been tested, see note 8th May. No sign of rejection so far, see note 12th May. First mechanical sign of weakness would be a RTH Close below 5805.75, see note 13th May. If ES holds 5900 area, that would be a further bullish … [Continue reading]
Pre-RTH-Open today ES has printed above 5885. Significant Buying (green) was marked yesterday - the first mechanical sign of weakness would be a RTH Close below 5805.75 which is the Buying Day Low. Read this post on Substack Also, please … [Continue reading]
I wrote 05/08 that the "1mn Control has migrated slightly to 5647 - if ES can hold that level we could see another push higher, towards 5900". ES held 5647 on Thursday and Friday and has made a move higher overnight, above 5850. If a test of 5900 … [Continue reading]