Daily analysis - Stock Market, Bonds, Forex and more
ES is holding 5647, the 1mn Control, see yesterday's note. Price printing time below that level would be first indication of weakness in the ST. read this post on Substack Summary of recent price action: Early in May the major Control … [Continue reading]
I wrote yesterday that the 5635 major Control level could attract time leading up to the interest rate announcement - that was the way it played out. I also wrote that 5658 was possible Resistance - and that came into play as well. read this post … [Continue reading]
ES recovered the 5635 Support during Tuesday's RTH, see yesterday's note. That major Control level could attract time leading up to the interest rate announcement later today. read this post on SubstackIn the ST, the 1mn Control has migrated to … [Continue reading]
In yesterday's note I wrote re the Control at 5635: 'imo we could well see that Support tested at the start of the week'. That Support has been tested overnight with ES printing below 5620. Positive price action here would be a recovery of the … [Continue reading]
Two Value Areas printed above 5635, that's an indication of strength. imo we could well see that Support tested at the start of the week but, as per note 1st May, it is "Very important that ES holds this level". read this post on Substack … [Continue reading]
LT: As noted, maj Control migrated higher to 5635. ES may find this level 'attractive' but stronger would be time printed above that price.ST: A v minor Control has developed at 5646.5. If ES prints above that level post-RTH open, it could test 5705. … [Continue reading]
ST: ES (and NQ) are both printing above their 1/2R (now Support) in stronger positions, see previous notes.LT: Important Development: with the overnight price action the major Control has migrated back higher to 5635. Very important that ES holds … [Continue reading]
Just prior to RTH open, ES is shying away from the 1/2R at 5533.25 and printed below 5500. Not a positive follow-on to yesterday. A RTH close below 5527.75 (Tuesday's Buying Day Low) would be first mechanical sign of weakness. read this post on … [Continue reading]
Overnight low has been 5533.25. Bulls are looking for time building above 5533.0 to indicate further strength. read this post on Substack But maybe chart to watch for the next couple of days is E-mini Nasdaq 100 (NQ). As previously pointed … [Continue reading]
Friday's Buying (green) Day Low was 5480.25 - a RTH close below that level would be first mechanical indication of weakness. read this post on SubstackAs detailed at the end of last week, the important level to monitor is 5533 (1/2R off high). ES … [Continue reading]