Daily analysis - Stock Market, Bonds, Forex and more
Yesterday I wrote 'In a downtrend, strength tends to come at the beginning of the week and then fades, I'm watching for that'. Monday did rally - but stronger than I would expect if Sellers are taking charge, i.e. Significant Buying (green) was … [Continue reading]
Summary: There was rejection at the 6455 target (note 07/25). Thursday closed below 6402.5 (dashed line on chart), which was the First mechanical indication of weakness (note 07/29). The Control at 6302.5 has been tested (note 07/17). read this on … [Continue reading]
I wrote yesterday that if there was time below 6413 today 'I would expect a test of 6390 at a minimum'. ES printed below 6370 before a sharp reversal and rally to a new high which meant the First mechanical indication of weakness (a RTH close below … [Continue reading]
I wrote yesterday, First mechanical indication of weakness would be a RTH close below 6402.5 (dashed line on chart), Friday's Buying Day Low. Came close on Tuesday, see chart. In the ST, there is v. minor Resistance at 6413 and price is worth … [Continue reading]
The 6455 ST target was reached overnight on Monday. First mechanical indication of weakness would be a RTH close below 6402.5 (dashed line on chart), Friday's Buying Day Low - I'm assuming more upside if that doesn't occur soon. The more time printed … [Continue reading]
On Friday I wrote - 'I'm targeting price area around 6455 in ST - interested to see if there is a rejection if/when that level is reached'. Overnight that target was reached and there has been a mild reaction so far. See also previous, highlighted … [Continue reading]
See yesterday's note - ES held the v. min Support at 6401 during Thursday's RTH, that level valid today. I'm targeting price area around 6455 in ST - interested to see if there is a rejection if/when that level is reached. First mechanical indication … [Continue reading]
Sigificant Buying (green) was marked again on Wednesday. First mechanical indication of weakness would be a RTH close below 6353.50, Wedesday's Buying Day Low. The v min. Control moved to 6401, and price relative to that level is worth monitoring … [Continue reading]
Monday's RTH held at 6342, the v. min Support mentioned yesterday. That level has been tested pre-open RTH today. I'm targeting price area around 6450 if the more important Support at 6302.50 holds. That Support corresponds to the Buying Day Low on … [Continue reading]
