Daily analysis - Stock Market, Bonds, Forex and more
Pre-open comment Monday 11th May Friday generated a higher, narrower Value Area, closing towards the high of the week, back above 2095.50 (4mn poc). As long as ES can hold this level it is in a strong price location. First Level Support = … [Continue reading]
Chartprofit webcast Today's Chartprofit webcast is available to view … [Continue reading]
Pre-open comment Friday 8th May Thursday's session auctioned as high as 2088.00 the 1/2R off April high, see yesterday's comment. However, following jobs data release pre-open today ES spiked sharply higher above 2100. Therefore, 2095.50 (4mn poc) … [Continue reading]
Pre-open comment Thursday 7th May Please read yesterday's highlighted comments. Last two Value Areas have been generated below 2095.50 (4mn poc) which indicates weakness and a big positive would be time spent back above that level. However, the … [Continue reading]
Pre-open comment Wednesday 5th May Please read previous highlighted comments. Current activity from Significant Buyers and Sellers is causing volatile price action. Marking Aggressive Buying and Selling so close is rare. In the dayframe the … [Continue reading]
Pre-open comment Tuesday 4th May Monday's session generated a higher, narrower Value Area. As long as ES holds above 2095.50 it is in a strong price location. Bulls would want see breadth numbers improve, see below, and Price Momentum: SPY, DIA, … [Continue reading]
