Daily analysis - Stock Market, Bonds, Forex and more
Technical analysis - Market pre-open 19th November 2015 On Wednesday ES found Support at 2054, the minor 1/2R and rallied to print more time at the 2063.00 poc. The Value Area was centred around this level and a VA printed entirely above this … [Continue reading]
Technical analysis - Market pre-open 18th November On Tuesday ES rallied further to briefly probe our First Level Resistance at 2063.00. Chart declined from there to close near the low of the day. Sellers were active intraday but the Value Area … [Continue reading]
Technical analysis - Market pre-open 17th November 2015 On Monday buyers were active intraday. The rally was impressive and 2054, the very minor 1/2R off the recent high, has been probed pre-open today. The Value Area was only … [Continue reading]
Technical analysis - Market pre-open 16th November Please read previous highlighted comments. I wrote in last Monday's pre-open "Sellers have an opportunity at the start of this week - let's see if they make a mark". AS it turned out Aggressive … [Continue reading]
Chartprofit webcast is available to view … [Continue reading]
Technical analysis - Market pre-open 13th November 2015 Please read previous highlighted comments. In Thursday's session a probe into the 5mn poc at 2063 was rejected and ES sold off. The Value Area was generated entirely below that level which is … [Continue reading]
OECD Charts – ChartProfit The OECD Composite Leading Indicators (CLIs) are designed to anticipate turning points in economic activity relative to trend. The latest report from OECD says this… “Global trade has slowed to levels usually … [Continue reading]
In the webcasts recently I've talked about copper testing the July low. That happened this week. The long-term chart, as we know, does not look positive. … [Continue reading]
Technical analysis - Market pre-open 12th November 2015 Wednesday was a net Selling day but like the intraday Buyers on Tuesday (see yesterday's comments) the Selling was not Effective as the Value Area was overlapping/higher. No Significant … [Continue reading]
Technical analysis - Market pre-open 11th November 2015 Buyers were active intraday during Tuesday's session. The Value Area was narrow and "inside" the previous VA so not a convincingly Effective session for the Buyers. Even so, the 5month … [Continue reading]