Daily analysis - Stock Market, Bonds, Forex and more
emini 17th June pre-open analysis. Once a week I review the important poc levels on a thirty minute basis. The major is at 2087 and the poc of the current distribution is at 2041. However the nine month is at 2050.5 which is very close to Thursday's … [Continue reading]
Stock Market Report Thursday 16th June Please note: I have shown the June contract on the graphic but I will be switching to the September contract. For now I want to show where the June contract is printing relative to important levels. The high … [Continue reading]
Russell 2000 ETF, IWM broke the 115.35 (maj poc) Support on Tuesday. Along with the Russell 2000 ETF, other charts are printing in weaker positions and breadth numbers also weakened, see below. ES analysis: Tuesday generated a Value Area entirely … [Continue reading]
On Monday the emini Support at 2087 was broken. This is the first Significant emini Selling since 05/17 and it comes after ES reached the distribution extreme around 2120 last week. I marked Aggressive Selling (red-at-bottom). This was below 2087, … [Continue reading]
The S&P 500 emini is today back at important Support at the start of the week. There was no Significant Buying or Selling marked last week but the S&P emini target at 2120 was reached (actually 2119.75) and there followed a sell-off late in … [Continue reading]
Stock Market Sentiment - Chart Book 10th June 2016 Stock Market Sentiment. Consensus polls, mutual fund flow indicators, Commitment of traders charts. Key Support and Resistance levels for major Stock Index ETFs, Bonds, Gold, Oil and … [Continue reading]
Markets finished the week in risk off mode. Stocks closed at or near lows for the week, Bonds and Gold rallied and oil sold off. click to enlarge … [Continue reading]
Chartprofit video is available to view or view on Youtube … [Continue reading]
Buyers were active intraday on Thursday but a lower, wider Value Area was generated on above average volume. In the ST that's not a strong pattern. Pre-open today ES has printed below 2100. In the pre-open Wednesday I wrote "We're close to the 2120 … [Continue reading]
AAII Bulls and Bears tied this week at 27.8% The AAII Sentiment Survey asks are you bullish, bearish or neutral over the next six months? Two weeks ago the percentage of respondents who declared themselves bullish reached an extreme low of just … [Continue reading]