Daily analysis - Stock Market, Bonds, Forex and more
ES spent Thursday's session printing in the low-conviction zone between 6956 and 6853, see yesterday's note. read this post on SubstackA break above/below those bands might well indicate the next directional move. Price relative to a v. minor … [Continue reading]
ES is in a low-conviction zone between two levels. The Major at 6853 should now provide significant Support if tested - still leaning bullish if that holds - but price back below that level would be a concern re the LT trend as previously mentioned. … [Continue reading]
I wrote Friday, 'in the longer timeframe there's no need for panic but ES must hold the major (6853)… ST could easily see a test of 6800 or lower but hopefully a bounce'. read this post on Substack We did see a brief test of 6800 on Tuesday … [Continue reading]
I wrote Friday, 'in the longer timeframe there's no need for panic but ES must hold the major… ST could easily see a test of 6800 or lower but hopefully a bounce'. read this post on Substack Pre-RTH today, ES prints below the Maj Control (now … [Continue reading]
I wrote Thursday I was 'leaning to the Bullish side in the ST but price back below 6956 would obviously not be welcome'. Shortly after the RTH open, ES broke below 6956 and then a straight-down decline, a consolidation, and a late-in-the-session test … [Continue reading]
You can see from the chart that despite yesterday's volatility in early RTH, Wednesday's Value Area (like Mon's and Tue's) was generated entirely above 6956, the 6mn Control. There was further Support at that level later in the session. read this … [Continue reading]
Pre-RTH on Tuesday I wrote that 'Monday's Value Area was generated entirely above that level ( 6956) so I'm assuming ES is setting up for a break higher. Price back below 6956 would obviously not be welcome'. Overnight ES very briefly (minutes) … [Continue reading]
Pre-RTH on Monday I wrote that 'price relative to that level (6956) is important to watch - time printed above would be a further positive development imo'. Monday's Value Area was generated entirely above that level so I'm assuming ES is setting up … [Continue reading]
Pre-RTH on Friday I wrote 'From my pov it's a matter of will ES close above that major at 6853. If it does it will look a lot less bearish and the market could repair'. Buyers showed their intent at the RTH open - testing and immediately rejecting … [Continue reading]
Friday is often the best day for determining the intent of the Significant players - ahead of the weekend do they hold or fold? Where do they close it? read this post on Substack From me it's a matter of will ES close above the major at 6853. … [Continue reading]