Daily analysis - Stock Market, Bonds, Forex and more
S&P 500 emini analysis: Thursday generated a higher, narrower Value Area, up from Wednesday's rejected test of 2047.50, the eight month Value Area low (dashed line). However, the VA was below the 2095.00 poc and I need to see time printed above … [Continue reading]
S&P 500 emini price distribution from November 2015 The Value Area low of this entire range is at 2047.50. Wednesday's test of this level brought an immediate Response from the Buyers auctioning ES swiftly back to the controlling price. This … [Continue reading]
S&P 500 emini analysis: The Value Area low of the eight month price range from November is at 2047.50 (dashed line on chart). Wednesday's test of this level brought an immediate Response from the Buyers auctioning ES swiftly back towards the … [Continue reading]
S&P 500 emini pre-open analysis: ES broke below 2080.25, the 1/2R off May high and this level is now First Resistance. Overnight ES has printed as low as 2053.75. Difficult to find vaild Support here and struggling to find any positives with … [Continue reading]
News release from OECD (Organisation for Economic Co-operation and Development) 10/08/2015 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to stable growth momentum in the … [Continue reading]
S&P 500 emini analysis: On Monday I marked Aggressive Buying. These green-at-top highs are usually (80%) tested within a day (or two) and are a bullish indication but, as I have mentioned many times, the stat is not as reliable on a gap day, like … [Continue reading]
Pre-open Monday 10th August Last week's high came in at the 2107.00 Resistance (poc) and ES sold off from there. The 1/2R Support at 2080.25 was broken but ES is printing above that level pre-open today. This level is worth watching as it could be … [Continue reading]
This week's Chartprofit eBook is available to view The DNL Reader is required to view the eBook. If you do not have this program please download it here: www.digitalwebbooks.com/reader/ … [Continue reading]
Pre-open Friday 7th August Wednesday's high came in at the 2107.00 Resistance (poc) and ES has declined from there. Thusday generated a lower, wider Value Area and the 1/2R Support at 2080.25 was broken. This is weaker price location. Breadth … [Continue reading]
