Daily analysis - Stock Market, Bonds, Forex and more
In the longer time-frame ES is probing above the Value Area High at 4537, see daily chart, so we need to watch for rejection. However, as mentioned many times before, acceptance at VAH often indicates a new distribution (in this case up) has begun … [Continue reading]
The 4411.50 Support was briefly tested overnight on Monday and has held so far. Time below that level would be the first sign of weakness now. I wrote Monday I 'need more evidence of Significant Buying, this may be a temporary bounce off Support'. On … [Continue reading]
The 4411.50 Support was briefly tested overnight on Monday and has held so far. Time below that level would be the first sign of weakness now. In the ST the bulls appear to be in Control (just) but as I wrote yesterday I 'need more evidence of … [Continue reading]
The 4411.50 Support level (given 06/28) has now been tested. Overnight low is 4411.25.ES has subsequently printed above 4435. As previously written, If ES can hold above that point I will look higher - need more evidence of Significant Buying, this … [Continue reading]
I wrote 06/28 that a Red day (Selling) followed immediately by a Green day (Buying) is rare and usually bullish in the near term. ES rallied from there to approach 4500 but has since fallen back and has printed as low as 4442 pre-RTH-open today. … [Continue reading]
I wrote on Wednesday that a Red day (Selling) followed immediately by a Green day (Buying) is rare and usually bullish in the near term. ES has rallied from there and is currently holding a higher level, just below 4500. First Level Support on the … [Continue reading]
Sellers (red) made a mark on Monday and this brought an immediate response from the Buyers (green) on Tuesday. Red day followed immediately by a Green day is rare and usually bullish in the near term. I wrote yesterday that the 'First positive … [Continue reading]
previous note - 'Targets have been playing out on the downside'. Certainly in the minor timeframe. Also worth noting that Friday's RTH close was below the Buying Day Low on 06/15, which is another minor indication of weakness. First positive would be … [Continue reading]
I wrote in Thursday's note that 'the ST Resistance is now 4411.50 and if ES cannot print time above that level post RTH open I would target 4378'. Overnight low has been 4375.75. Targets have been playing out on the downside. The v min … [Continue reading]
LT: see Tuesday's highlighted note on chart.ST: I wrote in yesterday's note If ES cannot print time above 4435.50 post RTH open I would target 4405. That's the way it played out and 4405 was hit. The ST Resistance is now 4411.50 and if ES cannot … [Continue reading]