Daily analysis - Stock Market, Bonds, Forex and more
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]
The emini SP500 major poc as measured on a thirty minute time-frame has migrated to 2087. emini SP500 analysis: As you know I measure the poc levels on various time-frames. Mainly five minute charts (ST) and Daily charts (LT). Checking the thirty … [Continue reading]
ES analysis indicates that on Tuesday intraday Sellers were active but ineffective. ES analysis: Ineffective because ES still managed to generate a higher Value Area. The high of the session came in at 2118.00. We're close to the 2120 target and I'm … [Continue reading]