Daily analysis - Stock Market, Bonds, Forex and more
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]
ES is holding 5647, the 1mn Control, see yesterday's note. Price printing time below that level would be first indication of weakness in the ST. read this post on Substack Summary of recent price action: Early in May the major Control … [Continue reading]
I wrote yesterday that the 5635 major Control level could attract time leading up to the interest rate announcement - that was the way it played out. I also wrote that 5658 was possible Resistance - and that came into play as well. read this post … [Continue reading]
ES recovered the 5635 Support during Tuesday's RTH, see yesterday's note. That major Control level could attract time leading up to the interest rate announcement later today. read this post on SubstackIn the ST, the 1mn Control has migrated to … [Continue reading]
In yesterday's note I wrote re the Control at 5635: 'imo we could well see that Support tested at the start of the week'. That Support has been tested overnight with ES printing below 5620. Positive price action here would be a recovery of the … [Continue reading]
Two Value Areas printed above 5635, that's an indication of strength. imo we could well see that Support tested at the start of the week but, as per note 1st May, it is "Very important that ES holds this level". read this post on Substack … [Continue reading]
LT: As noted, maj Control migrated higher to 5635. ES may find this level 'attractive' but stronger would be time printed above that price.ST: A v minor Control has developed at 5646.5. If ES prints above that level post-RTH open, it could test 5705. … [Continue reading]