Daily analysis - Stock Market, Bonds, Forex and more
posted 8.53 a.m. est pre-open comment Friday 28th December On Thursday ES tested the 1/2R Support (basis March contract) at 1397. There was a sharp rally late in the day to test 1413 (3mn poc) but pre-open today ES prints below the maj poc at … [Continue reading]
posted 9.00 a.m. est pre-open comment Thursday 27th December ES tested the 6mnth VAH at 1442 last week and is off that level but currently holding above the 1406 (maj poc) Support. The most recent imbalance was the Significant Selling marked … [Continue reading]
posted 8.38 a.m. est pre-open comment Monday 24th December Friday's session (like Thursday's) generated a lower, wider Value Area. No Significant Buying or Selling was marked. Friday Closed within Mon-Wed Hi-Lo Range which indicates no bias on … [Continue reading]
posted 9.27 a.m. est pre-open comment Friday 21st December Thursday's day session generated a lower, wider Value Area. No Significant Buying or Selling was marked but this is currently a news driven market and overnight ES spiked violently … [Continue reading]
posted 9.00 a.m. est pre-open comment Thursday 20th December Wednesday's session generated an inside Value Area on less Volume. Significant Sellers were marked but this was Ineffective Selling (VA was overlapping) and it followed a day of … [Continue reading]
posted 9.15 a.m. est pre-open comment Wednesday 19th December Note: As of Monday on the chart we are now following the March contract. Tuesday's session generated a higher, wider Value Area on increased Volume. Aggressive Buying was marked … [Continue reading]
posted 8.58 a.m. est pre-open comment Tuesday 18th December Since the maj poc migrated to 1406 we have seen eight consecutive Value Areas printed above that level and yesterday I marked Significant Buying above that level which is a further … [Continue reading]
posted 07.12 a.m. est pre-open comment Monday 17th December Last week I marked Significant Selling twice and no Significant Buying. So Sellers were active but in the longer timeframe their activity can be called Responsive as it took place … [Continue reading]
posted 08.55 a.m. est pre-open comment Friday 14th December On Thursday I marked Aggressive Selling for the second day running. As you know these red-at-bottom lows have a high chance of being tested during the following session. Thursday's … [Continue reading]
posted 9.18 a.m. est pre-open comment Thursday 13th December Strictly applying my rules I had to mark Aggressive Selling (red-at-bottom) on Wednesday. This was not Effective Selling as the Value Area was overlapping/higher and wider than … [Continue reading]