Daily analysis - Stock Market, Bonds, Forex and more
from Monday's note, '5197.5 (4mn poc) is the level to watch. For today I'll be monitoring where ES sits relative to that level, post-RTH-open'. ES opened RTH just above that level in within minutes sank below which was an indication of further … [Continue reading]
In Friday's note I wrote that for 'Buyers to regain control' they need to 'auction ES back above 5254.0'. In fact there was a rejected test of that Resistance and ES declined sharply from there. At the start of this week, 5197.5 (4mn poc) is the … [Continue reading]
For Buyers to regain control:1 ES doesn't break below today's low, 5173.50.2 Buyers can auction ES back above 5254.0.There is Resistance at the 5237.0 Control. … [Continue reading]
On Monday, ES held the 5237 minor Control, see yesterday's note. Tight range on Monday ahead of tomorrow's important CPI data. Price printing time below 5237 would indicate lower imo. … [Continue reading]
At the start of the week the minor Control is at 5237. ES found Support there overnight. Price relative to that level is worth monitoring today. Price above 5289.50 would probably convince me Buyers were back in charge. … [Continue reading]
Tuesday's RTH closed below 5270.75 (Wednesday's Buying Day Low) which is a mechanical sign of weakness, see yesterday's note. ST Control may be shifting to the Sellers - 'if' they can auction ES below 5235 (yesterday's low) then next Support would be … [Continue reading]
Overnight, the minor Control moved to 5289.5. ES has been printing lower since that happened. A RTH close below 5270.75, Wednesday's Buying Day Low, would be a mechanical sign of weakness. … [Continue reading]
ES maintains a strong position above the minor Control at 5236.5, see note 03/20. There is v. minor Support at 5281.50, and price relative to that level is worth monitoring today. … [Continue reading]
At the start of this week, ES maintains a strong position above the minor Control at 5236.5, see note 03/20. … [Continue reading]
The minor Control migrated higher on Tuesday to 5236.5, see yesterday's note. I wrote, price relative to that level is worth monitoring. There was a brief, rejected test of that Control in pm yesterday and Buyers entered strongly lifting ES above … [Continue reading]