Daily analysis - Stock Market, Bonds, Forex and more
Both Significant Buyers and Sellers have been active this week. Actually on alternate days. This seemingly unusual activity is understandable in the area of an important poc because both parties see opportunity. To my mind a poc is a level … [Continue reading]
posted 09.17 a.m. est pre-open comment Thursday 22nd August On Wednesday the 5mn poc migrated to 1644.50. This is significant and brings the poc to a similar level to the SPY poc, see below. If ES prints below 1644.50 it is in a weak price … [Continue reading]
posted 09.17 a.m. est pre-open comment Wednesday 21st August Responsive Buying (green-at-bottom) was marked on Tuesday at the 1642, the 60day VAL, see S&P-500 emini price distribution off June low This level cannot necessarily be relied … [Continue reading]
This is the developing distribution off the June low. ES (Sep). The Value Area Low (VAL) at 1642 cannot necessarily be relied on for Support but interesting that ES has paused here. Note that the VAL and VAH will move if the poc of this … [Continue reading]
posted 09.27 a.m. est pre-open comment Tuesday 20th August Monday's session generated a lower/overlapping, wider Value Area and Aggressive Selling (red-at-bottom) was marked again. Some daily indicators are technically oversold but with … [Continue reading]
ChartProfit eBook 16th August https://chartprofit.com/ebook/130816_Charts.zip The DNL Reader is required to view the eBook. If you do not have this program please download it here: www.digitalwebbooks.com/reader/ pdf version … [Continue reading]
posted 08.35 a.m. est pre-open comment Monday 19th August Early last week I marked Significant Buying twice but this was followed by Aggressive Selling on Wednesday and Friday and for the first time in many weeks Friday closed below Mon-Wed … [Continue reading]
Next post will be Monday 19th August … [Continue reading]
pre-open comment Wednesday 7th August Note: this was posted at 06.00 a.m. est Tuesday's session generated a lower/wider Value Area but in the ST as long as ES prints Value Areas above the minor (18day) poc at 1682.50, price location is strong. … [Continue reading]
posted 07.48 a.m. est pre-open comment Tuesday 6th August Monday's session generated a higher/overlapping Value Area and this was the fourth consecutive VA above the minor (16day) poc at 1682.50. Time printed below that level would be the … [Continue reading]