Daily analysis - Stock Market, Bonds, Forex and more
Wednesday morning there was a sharp decline and a quick recovery of the 1month Control at 6277. Later in the day there was enough time spent at 6302.5 to lift the Control to that level. ES has been ranging since 3rd July when it first broke above … [Continue reading]
From note 07/03 'ES may find price above 6300 a problem but Buyers are Active and Efficient so LT targets previously mentioned are still valid for me'. ES has not made progress above 6300 since reaching that level on 07/03 but has held the 1month … [Continue reading]
ES continues to "act right" for the Bulls. An overnight test on Monday of the 1month Support at 6277, was recovered quickly. As I wrote on Friday 'ST Bulls would want to see the Support hold or be recovered on a test.' See previous highlighted notes … [Continue reading]
On Tuesday last week Support emerged at 6277 (now 1month), see previous notes. The Support has held since then but has been tested overnight. As I wrote on Friday 'ST Bulls would want to see the Support hold or be recovered on a test.' Price printing … [Continue reading]
The minor Control Support at 6277 has been tested again; low overnight has been 6276.75. Could well come into play again in today's session. ST Bulls would want to see the Support hold or be recovered on a test. The previous, highlighted, notes on … [Continue reading]
I wrote yesterday 'the minor (15dy) Control has migrated to 6277. I'm closely watching price relative to that level today as a clue re next move'. Yesterday's session low was at the Control and ES immediately rallied. That's an indication of … [Continue reading]
The minor (15dy) Control has migrated to 6277. I'm closely watching price relative to that level today as a clue re next move, noting there was intraday Support there overnight. Yesterday's Value Area was very narrow which often indicates a … [Continue reading]
The v. short-term Support at 6296 was broken early in Monday's RTH and ES declined below 6250 before recovering overnight. read this post on Substack The v. minor Control has migrated to 6278 and price relative to that level would be worth … [Continue reading]
At the start of the week there is v. short-term Support at 6296. Price relative to that level would be worth monitoring today. But, as per note last Thursday: 'the First indication of mechanical weakness would be a RTH Close below 6238.25, … [Continue reading]
Significant Buying (green) was marked again on Wednesday which means the First indication of mechanical weakness would now be a RTH Close below 6238.25, Wednesday's Buying Day Low (dashed line on chart). In the short-term, ES may find price above … [Continue reading]