Daily analysis - Stock Market, Bonds, Forex and more
Technical analysis - Market pre-open 18th February 2016 See previous comments. ES rallied further on Wednesday generating a second Value Area above the 1870 poc which is now important Support. Bulls would now want that level to hold. Price … [Continue reading]
Pre-open Wednesday 17th February See previous comments. ES opened above the 1870 poc on Tuesday. Support was then found at that level, see chart, price rallied and more time was printed close to the 56 day poc (1886.50). Aggressive Buying was … [Continue reading]
Technical analysis - Market pre-open 16th February 2016 Aggressive Buying was marked on Friday for the first time this month. In the longer timeframe this can be viewed as Reactive because it was below the 1870 poc. All of last week's Value Areas … [Continue reading]
Chartprofit webcast is available to view … [Continue reading]
Pre-open Friday 12th February See previous comments. Following Wednesday's rejected probe of the 1870 poc Resistance ES sold off to a new low for this decline. A lower Value Area was generated on Thursday and pre-open today ES has printed above … [Continue reading]
Technical analysis - Market pre-open 11th February 2016 See previous comments. There were two brief probes above the 1870 poc on Wednesday which were rejected and ES subsequently sold off. Overnight ES has printed as low as 1802.50 which was a … [Continue reading]
Technical analysis - Market pre-open 10th February 2016 See previous comments. Intraday Buyers were active on Tuesday and managed to generate an overlapping/higher Value Area. Market closed flat despite another sell-off in oil. Overnight ES has … [Continue reading]
Pre-open Tuesday 9th February See previous comments. Monday generated a lower Value Area, printed entirely below the 1870 poc. This is weak price location. There was a late rally but overnight ES has given back more than half the gains it made off … [Continue reading]
Technical analysis - Market pre-open 8th February 2016 See previous comments. On Friday I marked Aggressive Selling for the second time in the week. The Value Area was lower and wider but held above the 1870 Support. Overnight though global … [Continue reading]
