Daily analysis - Stock Market, Bonds, Forex and more
I wrote on Thursday that I wanted 'to see if ES can print time up here after reaching 5018 target'. Friday confirmed that, and Significant Buying (green) was marked, so further strength is indicated. The first indication of weakness would be a RTH … [Continue reading]
5018 reached. As long as ES holds 4966.50 minor Control it's in a strong position. I want to see if ES can print time up here after reaching 5018 target. … [Continue reading]
ES printing around 4990 pre-open. I'm targeting 5018. First Level Support is at 4966.50. … [Continue reading]
The minor Control has moved higher to 4966.5. Price above that level is in a strong position. Last week's price action was unusual. There was Significant Buying (green) marked on Monday which was negated (RTH close below the low of that day) by … [Continue reading]
I wrote on Friday that I was surprised by the strength of Thursday's recovery - I thought we were going to see more downside… and ES pushed higher during Friday's RTH. Today, price relative to 4954.5 (minor Control) is worth monitoring, if that level … [Continue reading]
I marked Significant Selling (red) on Wednesday but Thursday's session exceeded Wednesday's high. That's uncommon and usually indicates higher, at least in the ST. I wrote yesterday that 'I am not initiating new longs, at least until a VA is … [Continue reading]
Wed's RTH session did not print above 4931, indicating weakness in the ST, see yesterday's note. The minor Support at 4916 was broken. Significant Selling (red) was marked and the RTH close was below 4912.75, see yesterday's note. As the … [Continue reading]
Price relative to 4930/31 is worth monitoring in the ST, above/below strong/weak. There is Support at 4916. First minor sign of weakness would be a RTH close below 4912.75 (Monday's Buying Day low). … [Continue reading]
Following RTH open on Monday there was a brief test of 4916 and ES rallied strongly, see yesterday's note. I've been targeting 4940 since pre-RTH on 01/19 and that has now been exceeded. There is still no sign of this bull trend breaking down … [Continue reading]
As per previous notes - Buyers in Control, targeting 4940. At the start of this week price relative to 4916 is worth monitoring with Support at 4882.0. … [Continue reading]