Daily analysis - Stock Market, Bonds, Forex and more
From yesterday's note: Today, price relative to 4570.0 is worth monitoring as minor Support/Resistance. 4570.0 was the exact high yesterday. There is Support around 4524, the 7mn Control. First sign of weakness would be time back below that … [Continue reading]
ES held above 4524, the 7mn Control, last week which is a further positive for the bull trend. First sign of weakness in the longer timeframe would be time back below that level. Today, price relative to 4570.0 is worth monitoring as minor … [Continue reading]
Three VAs generated above 4524, the 7mn Control. That's a further positive for the bull trend. First sign of weakness would be time back below that level. Today, price relative to 4570.0 is worth monitoring as minor Support/Resistance. … [Continue reading]
Two Value Areas generated above 4524, the 7mn Control. That's a further positive for the bull trend. First sign of weakness would be time back below that level. … [Continue reading]
from yesterday's note: the VAH at 4521..is no longer valid. This was on a 7mn timeframe. But.. looking back at a much longer time period on a weekly chart this area of price does represent a major VAH. So as per note on 11/15, Rejection is common … [Continue reading]
Significant development - the 7mn Control has migrated to 4524.0 and the VAH at 4521, mentioned on 11/16, is no longer valid. Price relative to 4524.0 is now important to monitor. ES printing time above that level would be a further bullish … [Continue reading]
ES has stalled at the Maj VAH at 4521 (dashed) - see yesterday's note. Rejection would most likely see ES test the 4396 Support - but time (acceptance) at or around 4521 would be a further bullish indication. Price relative to 4519 today might give a … [Continue reading]
ES has reached a Maj VAH at 4521. Rejection is common at a VAH but time (acceptance) at or around this level would be a further bullish indication. … [Continue reading]
Monday's VA was generated entirely above 4396 (6mn Control) see yday's note. That's a positive. There is minor Support (4day) today at 4427.0 First weak signal triggered by a RTH close below Friday's Buying Day low at 4367.75. … [Continue reading]
The 6mn Control migrated to 4396 on Wednesday. Friday finished with ES above that level in a strong position. Bullish if 4396 holds as Support. Mechanically, first weak signal triggered by a RTH close below Friday's Buying Day low at 4367.75. … [Continue reading]