Daily analysis - Stock Market, Bonds, Forex and more
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]
I wrote yesterday 'A minor Control has emerged at 6769.0. ST Bulls need to see ES hold that level and then time above 6775 to potentially unlock the upside again.' I gave a counter, bearish scenario but the bullish one played out with ES rallying … [Continue reading]
I wrote yesterday 'Resistance remains at 6800'. A probe just above that level was rejected at the start of yesterday's RTH and ES sold off quickly.read this post on SubstackST: A minor Control has emerged at 6769.0. ST Bulls need to see ES hold that … [Continue reading]
See previous, highlighted notes on chart, these are still relevant. Resistance remains at 6800 and my hunch says this will hold for today so possibly another consolidating day? but imo Buyers are in control until evidence says otherwise. … [Continue reading]
See previous, highlighted notes on chart. Friday saw the high of the week which is always a positive for the LT trend. First indication of mechanical weakness would be a RTH close below 6705.25, Wednesday's Buying Day Low (dashed line on chart), … [Continue reading]
Please review yesterday's note, highlighted on chart. ES opened RTH on Wednesday above the 6702.5 Control and immediately rallied to a new high. Significant Buying (green) was marked so first ST indication of weakness would now be a RTH close below … [Continue reading]
I wrote yesterday that 'If ES struggles to print time above 6710 we could see further weakness but time above 6710 would indicate new highs'. Tuesday's Value Area was printed below 6710.Development: the important Control has now moved to 6702.5. A … [Continue reading]
Important level to watch today is 6710. If ES struggles to print time above that level we could see further weakness but time above 6710 would indicate new highs. … [Continue reading]