Daily analysis - Stock Market, Bonds, Forex and more
posted 9.55 a.m. est pre-open comment Tuesday 4th December On Monday I marked both Responsive and Aggressive Selling. The Value Area was overlapping so this cannot be called Effective Selling, even so, new Long trades are now eliminated for me … [Continue reading]
posted 9.13 a.m. est pre-open comment Monday 3rd December ES closed the week above the high of Mon-Wed Hi-Lo Range. This indicates Buyers Active for the second week on this timeframe. Breadth: Nyse Market Chart turned positive, Nasdaq … [Continue reading]
posted 9.09 a.m. et pre-open comment Friday 30th November During Thursday's session a probe down into our First Level Support at the 1408 poc was rejected and a Value Area was generated above that level which is a positive. Significant Buying … [Continue reading]
posted 9.20 a.m. est pre-open comment Thursday 29th November On Wednesday Buyers Responded (green-at-bottom) early in the session to an Open below the major poc at 1397. Aggressive Buying was also marked (green-at-top). This eliminates new … [Continue reading]
posted 9.27 a.m. est pre-open comment Wednesday 28th November Tuesday's session generated an overlapping Value Area. Applying my rules strictly I had to mark Significant Selling (red) but this was Ineffective Selling as the Value Area was … [Continue reading]
posted 9.12 a.m. est pre-open comment Tuesday 27th November Monday's session generated an "inside" Value Area. Overnight high of 1407.75 is a probe into the six month poc at 1408. Price printing time above 1408 would be an indication of … [Continue reading]
posted 9.15 a.m. et pre-open comment Monday 26th November Last week I marked Significant Buying once and no Significant Selling. On Friday ES auctioned higher to probe the band of Resistance between 1404 (1/2R) and 1408 (6mn poc). Friday's … [Continue reading]
posted 9.18 a.m. est pre-open comment Friday 23rd November Wednesday generated a higher/narrower Value Area with a poc for the session at 1387 (see Wednesday's pre-open comments). Pre-open ES has printed a 10dy high and is approaching First … [Continue reading]
posted 8.54 a.m. est pre-open comment Wednesday 21st November Monday's green-at-top high was tested on Tuesday. Tuesday's session generated an overlapping/higher and wider Value Area consolidating the gains made on Monday. If price around 1387 … [Continue reading]
posted 9.25 a.m. est pre-open comment Tuesday 20th November LT analysis remains negative but we have a bounce. Aggressive Buying (green-at-top) was marked again on Monday. This is encouraging (note that the stats I have regarding green-at-top … [Continue reading]