Daily analysis - Stock Market, Bonds, Forex and more
On Friday, ES opened RTH above the major Support at 4527 and then immediately declined below it. Friday's price action was poor which means a more defensive stance is appropriate until ES prints back above that level or the Control migrates lower. … [Continue reading]
Now following ES Dec - chart adjusted since Monday. On the Sep contract the minor Support at 4457 was tested and held on Wednesday which was a positive. On the Dec contact the major Support is at 4527 and currently ES is printing above that … [Continue reading]
The minor Support at 4457 given yesterday was very briefly tested on Wednesday, see note on chart. That's a positive. Currently ES is printing above the 4490 Resistance - if that level can hold as Support post-RTH-Open that would be a further … [Continue reading]
The 4mn Control migrated back to 4490.00. This is Resistance. I'd want to see that level recovered before considering new longs.ST: There is minor Support today at 4457. A break of that would indicate lower in the short-term and a test of 4410. … [Continue reading]
from Thursday's note: ES is currently printing below 4490.50 (1/2R off July high) in a weaker position and I'd want to see that level recovered before considering new longs.The 4mn Control migrated to 4514.00 last week. This is Resistance.ST: Time at … [Continue reading]
from Thursday's note: ES is currently printing below 4490.50 (1/2R off July high) in a weaker position and I'd want to see that level recovered before considering new longs.Today: There is minor Resistance at 4457.50 - where are we relative to that … [Continue reading]
There was rejection from the 4537 Value Area High last week (see Friday's note on chart).ES is currently printing below 4490.50 (1/2R off July high) in a weaker position and I'd want to see that level recovered before considering new longs. The … [Continue reading]
ES still struggling with the 4537 Value Area High, see Friday's note on chart. Natural Support at 4490.50 = 1/2R off July high. … [Continue reading]
In the 07/17 note (highlighted on chart) I wrote: "In the longer time-frame ES is probing above the Value Area High at 4537, see daily chart, so we need to watch for rejection. However, as mentioned many times before, acceptance at VAH often … [Continue reading]
The 4mn Control migrated to 4411.50 last week. The Control is likely to move back to 4490 imo which would require time. Whether that happens before or after ES reaches 4680 is ? but 4680 is the current upside target if ES holds 4411.50. … [Continue reading]