Daily analysis - Stock Market, Bonds, Forex and more
posted 9.07 a.m. et pre-open comment Monday 22nd October The Chartprofit Market Timing Chart is positive for Nyse; negative for Nasdaq and positive for UK. %Stocks>50dyma numbers: Nyse 56, Nasdaq 36, UK 72. Bulls would want to see all … [Continue reading]
posted 9.21 a.m. et pre-open comment Friday 19th October Thursday's session generated a slightly lower/overlapping Value Area centred around 1452 which was the level I mentioned on 9th Oct that could attract time (highlighted below). The poc … [Continue reading]
posted 9.13 a.m. et pre-open comment Thursday 18th October Wednesday's session generated another higher, albeit narrower, Value Area on lower Volume. Most time was spent in the mid-1450s and imo this is the price area that may attract further … [Continue reading]
posted 9.18 a.m. et pre-open comment Wednesday 17th October Following Monday's rejection of the VAL (dashed) and subsequent Aggressive Buying, ES gapped higher in Tuesday's session to generate a Value Area entirely above the 1435 poc and almost … [Continue reading]
posted 9.20 a.m. et pre-open comment Tuesday 16th October On Monday I marked Significant Buying. On the dayframe this was Aggressive Buying (green-at-top) and on the longer timeframe it is Responsive i.e. Buyers auctioned ES back from below … [Continue reading]
posted 8.27 a.m. et pre-open comment Monday 15th October Last week I marked Significant Selling once and no Significant Buying (no Buying marked for eleven days). The 5month poc moved higher to 1435 (see Friday's comments). I'm being cautious … [Continue reading]
posted 9.13 a.m. et pre-open comment Friday 12th October The 5month poc moved higher to 1435. The significance of price being below that level and the weakness implied by that price location has now increased. Very definitely I need to see … [Continue reading]
posted 9.25 a.m. et pre-open comment Thursday 11th October Wednesday's session saw ES break below the 1435poc Support. The VAL at 1428 was tested and possibly rejected because pre-open ES has probed back up above 1435. If ES can print above … [Continue reading]
posted 8.56 a.m. et pre-open comment Wednesday 10th October Tuesday's session generated a lower, wider Value Area on increased Volume. Yesterday's First Level Support at 1446 was broken early in the session (now First Level Resistance) and ES … [Continue reading]