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Tuesday's Value Area was generated entirely below 4319, see yesterday's note on chart. As I wrote then "If ES remains below 4319 a test of 4210 would start to look likely to me". … [Continue reading]
Daily analysis - Stock Market, Bonds, Forex and more
Posted on Written by bobd
Tuesday's Value Area was generated entirely below 4319, see yesterday's note on chart. As I wrote then "If ES remains below 4319 a test of 4210 would start to look likely to me". … [Continue reading]
Posted on Written by bobd
ES price action yesterday relative to the minor Control at 4319 was not positive. I want to see an entire VA generated above that level (at a minimum) before I could turn bullish on even the daily timeframe. If ES remains below 4319 a test of 4210 … [Continue reading]
Posted on Written by bobd
The minor Control has migrated to 4319. Price relative to that level at the start of this week is important to monitor. ES has opened RTH just below that level - Bulls would want to see a rejection and rally - then time around 4390 which I've … [Continue reading]
Posted on Written by bobd
There's not enough evidence to indicate a low has been found but holding 4357 (v. minor Control) today would be a start. Time just above 4390 would also be a positive. … [Continue reading]
Posted on Written by bobd
from note 09/18 "a more defensive stance is appropriate", and 09/21 "Time at 4420 or lower would be a further negative". Strong Support is much lower and no evidence yet that ES might be finding a low here. … [Continue reading]
Posted on Written by bobd
from note a week ago "a more defensive stance is appropriate", and on Thursday "Time at 4420 or lower would be a further negative". Strong Support is much lower, I'm staying cautious unless ES recovers 4420. … [Continue reading]
Posted on Written by bobd
Not seeing much to add to previous notes. Monday "a more defensive stance is appropriate". Thursday "Time at 4420 or lower would be a further negative". … [Continue reading]
Posted on Written by bobd
ES has now tested the 4mn VAL at 4420. On the daily timeframe Bulls would want to see rejection of that test and ES to rally back. Time at 4420 or lower would be a further negative. … [Continue reading]
Posted on Written by bobd
Mon-Wed Value Areas generated below the 4527 Control. ES may not move too far from that level until Fed meeting concludes. Either way, time above 4527 would be a stronger position. … [Continue reading]
Posted on Written by bobd
Mon/Tue Value Areas generated below the 4527 Control. ES may not move too far from that level until Fed meeting concludes. Either way, time above 4527 would be a stronger position. … [Continue reading]