Daily analysis - Stock Market, Bonds, Forex and more
posted 07.50 a.m. et pre-open comment Monday 10th September The Chartprofit Market Timing System is now positive for all Major market Charts. The %Stocks>50dyma numbers are all well above 50 which is supportive. Last week I marked … [Continue reading]
posted 9.13 a.m. et pre-open comment Friday 7th September See yesterday's highlighted comments. ES broke out of its range to the upside with Significant Buying marked. ES held above the 25day poc Support across the recent range and therefore … [Continue reading]
posted 9.27 a.m. et pre-open comment Thursday 6th September Wednesday generated yet another daily Value Area within the price area bounded by the dotted VAH and VAL of the longer timeframe. We should look for a breakout of this range to occur … [Continue reading]
posted 5a.m. et pre-open comment Wednesday 5th September Note: this was posted at 5a.m. Tuesday's session high was 1408.25 - just below yesterday's First Level resistance at 1408.50 (see chart). This was the sixth day where no Significant … [Continue reading]
posted 9.00 a.m. et pre-open comment Tuesday 4th September Last week I marked no Significant Buying or Selling. Two levels are currently attracting time. Significant Buying marked above 1408.50 would indicate higher and Significant Selling … [Continue reading]
posted 08.38 a.m. et pre-open comment Friday 31st August On Thursday ES printed a lower Value Area and enough time was spent at 1398.50 (see chart) to shift the 40dy poc back to this level (from 1408.50). This often happens when two close … [Continue reading]
posted 9.05 a.m. et pre-open comment Thursday 30th August Three days of consolidation with no Significant Buying or Selling marked but enough time has now been spent at 1408.50 to lift the 40dy poc to that level (see yesterday's highlighted … [Continue reading]
posted 9.06 a.m. et pre-open comment Wednesday 29th August Tuesday generated a narrow overlapping Value Area with no Significant Buying/Selling. Therefore there is little to add to previous comment (highlighted). 1408.50 is the level … [Continue reading]
posted 9.02 a.m. et pre-open comment Tuesday 28th August ES exceeded Monday's green-at-top high during Tuesday's session but there was little follow-through and weakness to the Close. Value Area was overlapping/higher, but narrower on less … [Continue reading]
posted 08.30 a.m. et pre-open comment Monday 27th August Weekly Structure: Friday's Close was within Mon-Wed Range so there is no bias on this timeframe. The Chartprofit Market Timing System remained positive for all three Major Market … [Continue reading]