Daily analysis - Stock Market, Bonds, Forex and more
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]
posted 9.17 a.m. et pre-open comment Tuesday 9th October Overnight ES has printed down to 1445.50 and probed First Level Support - currently, pre-open, ES prints above 1450. Monday's session generated a lower, narrower Value Area on low … [Continue reading]
posted 8.38 a.m. et pre-open comment Monday 8th October Friday's session opened well above the VAH (dashed) at 1454 (see Thursday's comments) but was quickly auctioned back below that level. imo the most bullish development here is that same … [Continue reading]
posted 9.12 a.m. et pre-open comment Friday 5th October Thursday's session generated a higher, narrower Value Area but entirely above 1446 (1/2R off September high). That's encouraging. Further strength would be implied if ES can print some … [Continue reading]
posted 05.50 a.m. et pre-open comment Thursday 4th October Note: this was written at 05.45 a.m. et Wednesday's low was early in the session at 1435.50 - our First Level Support being 1435.00. The Value Area was higher and slightly wider. … [Continue reading]