Daily analysis - Stock Market, Bonds, Forex and more
ES spiked above 6015 pre-RTH. Settled back around 5595. Read highlighted notes on chart from 06/03 and 06/04 for levels. targeting 6060 if these hold, as per note 06/03. read this note on Substack and subscribe to free newsletter. … [Continue reading]
See yesterday's note on chart. No change. minor level to monitor today at 5983. Price above that is strong position for break above the overnight high of 5996.75. read this post on Substack and sign-up for free newsletter. … [Continue reading]
On Friday the maj Support at 5867.5 held (see note 05/29) and now the min Support at 5909 has held overnight (see other chart). These are positive indications. Also, Significant Buying (green) was marked yesterday. read this post on Substack and … [Continue reading]
On Thursday the minor Control migrated to 5909. More time was printed there on Friday. I wrote that if that level could be held then ST target would be 6045. Unless there's clear evidence of Effective Selling (e.g. see note 05/29) I'm keeping the … [Continue reading]
ST Development: the minor Control has migrated higher to 5909 which means if that level can be held (or recovered) during today's RTH then ST target would be 6045 (previous target at 6080 is no longer active). Also, see yesterday's note highlighted … [Continue reading]
I wrote on Monday that the '5867.5 Control is now Support and it would be a positive to see that hold at the start of this week. If it can I would be targeting 6080'. The Support came into play overnight on Monday and again during Tuesday's RTH where … [Continue reading]
You can see on the chart Monday's shortened RTH and the overnight price action. I wrote yesterday that '5867.5 Control is now Support and it would be a positive to see that hold at the start of this week'. Overnight you can see that Support came into … [Continue reading]
There were ST indications of weakness on Wednesday - see Thursday's note on chart, and Thursday and Friday continued lower. read this post on Substack and sign up for free newsletter In Friday's note I wrote 'The 15day Control migrated lower … [Continue reading]
ST price action changed on Wednesday. See Thursday's note - I wrote 'Wednesday's RTH close was below the Buying Day Lows of 16th and 15th. This is the first mechanical sign of weakness in a month'. Yesterday (Thursday) ES consolidated near … [Continue reading]
Tuesday's RTH close was below the Buying Day Lows of 16th and 15th. This is the first mechanical sign of weakness in a month. Also ES printed time below the 3wk Control at 5908.5, see yesterday's note. And Significant Buying (red) was marked. … [Continue reading]