Daily analysis - Stock Market, Bonds, Forex and more
Selling (red) was marked on Thursday but the First Level Support at 4550.50 was not tested. First Level Resistance at the start of this week is 4591.00; Support remains at 4550.50. see also, note 07/17 on chart. … [Continue reading]
Selling (red) was marked on Thuursday but the First Level Support at 4550.50 was not tested. ES has rallied back strongly and Pre-RTH Open is approaching today's Resistance at 4591.00. If ES prints time above that level post-open we could see a … [Continue reading]
LT: please read Monday's note, highlighted on chart.ST: as noted, the v min Control migrated to 4550.50 on Monday. Tuesday RTH opened just below that level, recovered it immediately and rallied for the rest of the session. Held higher overnight. … [Continue reading]
LT: please read Monday's note, highlighted on chart.ST: as noted, the v min Control migrated to 4550.50 on Monday. Tuesday RTH opened just below that level, recovered it immediately and rallied for the rest of the session. Held higher overnight. … [Continue reading]
LT: please read Monday's note, highlighted on chart. ST: the v min Control has migrated to 4550.50. Pre RTH Open, ES prints below 4550.50. Price relative to that level is worth monitoring today. … [Continue reading]
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]