Daily analysis - Stock Market, Bonds, Forex and more
pre-open today ES has tested 6560 - see yesterday's note. Rejected so far, would be good for Bullish case if this level doesn't get retested now. Will update an hour into RTH read this post on Substack … [Continue reading]
Some ST technical indicators are oversold and a rejected test below 6560 might attract Buyers but the rejected test of the Major Control at 6853 on 03/10 (arrowed) was a sign of weakness in the longer timeframe, Sellers in Control - so as I wrote … [Continue reading]
There's been nine consecutive Value Areas generated entirely below the Major Control at 6853 including a rejected test of that level on 03/10 (arrowed). As I've been writing - I won't look at new longs below that level. read this post on … [Continue reading]
Seven consecutive Value Areas generated entirely below the Major Control at 6853. That's not great in LT. As I've previously written - I won't look at new longs below that level. read this post on SubstackI wrote on Friday 'ES needs to bounce back … [Continue reading]
Thursday's Value Area was generated just above the 12mn VAL at 6670 (dashed line on char). ES needs to bounce back - more time around 6670 and a Control could develop at that level which would be a further negative. read this post on … [Continue reading]
ES has generated 5 consecutive Value Areas entirely below the Major Control at 6853, see chart, which is not great. 03/05 I wrote 'I won't look at new longs currently below the Control'(6853). It's a weak position in the longer time-frame. read … [Continue reading]
I wrote yesterday 'Bullish would be ES recovering the 6853 Major Control'. You can see in yesterday's RTH that ES approached that Resistance but did not exceed it. 03/05 I wrote 'I won't look at new longs currently below the Control' (6853). That … [Continue reading]
I wrote 03/06 that the more time spent around the 6mn VAL (dashed) 'the more likely we go lower'. Although there was no obvious Support I could identify I can see from same dataset that the 12mn VAL at 6670 was valid and was tested briefly on Monday, … [Continue reading]
03/05 I wrote 'I won't look at new longs currently below the Control' (6853). I wrote on Friday that the more time spent around the 6mn VAL (dashed) 'the more likely we go lower - Bulls would hope for another bounce here'. read this post on … [Continue reading]
I wrote yesterday that 'Today, price relative to 6866.5 is worth monitoring'. That level was briefly tested early in the session but rejected. I also wrote 'I won't look at new longs currently below the Control' (6853). Yesterday's Value Area was … [Continue reading]