Daily analysis - Stock Market, Bonds, Forex and more
from yesterday's note - I've been targeting 5435/40, see note 06/06, and that level has been reached. Possible rejection here, but time above 5400 would indicate acceptance and higher. Early RTH I'm watching price relative to 5426, ES below that and … [Continue reading]
I've been targeting 5435/40, see note 06/06, and that level has been reached. Possible rejection here, but time above 5400 would indicate acceptance and higher. First Support remains at 5320 - a break of that would suggest a test of the LT Support … [Continue reading]
Four Value Areas generated above 5320 - that's a positive. Possibly a volatile day tomorrow and I'll be monitoring that level as Support. There's a minor (15dy) Control now at 5366 and time above that level could indicate a move to 5435/40, see note … [Continue reading]
Last week the Resistance at 5320 was exceeded putting ES in a stronger position, see note 5th June. That level is now First Support and I'm targeting 5435/40 if it holds or quickly recovers a break. A RTH close below 5306.50 (Wed's Buying Day Low) … [Continue reading]
On Wednesday the Resistance at 5320 was exceeded putting ES in a stronger position, see yesterday's note. I'm targeting 5435/40 if ES holds 5320. … [Continue reading]
RTH on both Monday and Tuesday was printed entirely above the 5244 Control (now Support) which is a positive. Bulls want that Support to hold. Resistance at 5320 is yet to be exceeded but ES is testing that level pre-open. Time above 5320 would be … [Continue reading]
Support at 5207 was tested and rejected on Friday. Monday's RTH was printed entirely above the 5244 Control (now Support) which was a positive. Bulls want that Support to hold. Resistance at 5320, yet to be exceeded. As per yesterday's note: Buyers … [Continue reading]
In Friday's note I wrote that if time was spent below the LT Support at 5244 it would indicate a move to test next Support at 5207. ES tested that Support for about a minute, the immediately rallied strongly. Currently, ES prints above 5244 in a … [Continue reading]
Wednesday RTH closed below 5286.75 (05/15 Buying Day Low) which is a mechanical sign of weakness, see note 05/17. Overnight ES has tested the LT Support at 5244, see note 05/29. Time below that level would indicate a move to test next Support at … [Continue reading]
Currently, ES is printing below the 5320 minor Control in a weaker position. In the longer timeframe, the Support is at 5244 and I'm targeting 5381 as long as that holds. … [Continue reading]