Daily analysis - Stock Market, Bonds, Forex and more
posted 6.45 a.m. et pre-open comment Thursday 21st June Wednesday was a very volatile day but chart held First Level Support at 1334.50 which is strong price location. ES printed an overlapping/lower, wider Value Area on increased Volume. … [Continue reading]
posted 9.22 a.m. et pre-open comment Wednesday 20th June On Tuesday, ES printed a higher/narrower Value Area generating less Volume. Chart has climbed a long way in just two weeks and may need to pause but as long as First Level Support holds … [Continue reading]
posted 5a.m. et pre-open comment Tuesday 19th June Note: this was posted at 5a.m. On Monday I marked Aggressive Buying (green-at-top) auctioning ES to the 30dy VAH and a 25day high. Three consecutive days of Aggressive Buying is often a … [Continue reading]
pre-open comment Monday 18th June Weekly Structure: ES closed the week within the Mon-Wed Hi-Lo range which indicates no bias on this timeframe. Previous week saw Buyers Active. Last week I marked Significant Selling twice (on Monday) and … [Continue reading]
posted 9.24 a.m. et pre-open comment Friday 15th June On Thursday ES (June) generated a sixth consecutive Value Area above the 1307 poc and I marked both Responsive and Aggressive Buying. These are usually ST positives. However, the Chartprofit … [Continue reading]
posted 9.07 a.m. et pre-open comment Thursday 14th June Note: I will continue using the June contract until end of this week. September is now front month but i.m.o. the reference levels are better used on June contract for now. For clarity I … [Continue reading]
posted 4.54 a.m. et pre-open comment Wednesday 13th June Please note this was written before 5 a.m. Also note I will continue using the June contract until end of this week. On Tuesday, Monday's low was tested but Support was found in the … [Continue reading]
posted 9.25a.m. et pre-open comment Tuesday 12th June Once again, like last Thursday, a probe higher brought a Response from the Significant Sellers (red-at-top) and ES was auctioned back to the maj poc at 1307, by Aggressive Selling later in … [Continue reading]
posted 9.09 a.m. et pre-open comment Monday 11th June Last week I marked Significant Buying three times and Significant Selling once. On Friday the session low was on the obvious Support at 1307 (major poc) and a second Value Area was printed … [Continue reading]
posted 9.12 a.m. et pre-open comment Friday 8th June On Thursday Significant Sellers were marked Responding immediately after the Open (red-at-top). This was a session where Sellers were Active but a higher Value Area was generated for the … [Continue reading]