Daily analysis - Stock Market, Bonds, Forex and more
posted 9.20 a.m. 20th March pre-open comment Wednesday 28th March ES built a higher but narrower Value Area on reduced Volume which is not usually a constructive kind of Profile. The main concern right now is the Rydex Ratio (see below). … [Continue reading]
posted 9.15 a.m. et pre-open comment Tuesday 27th March ES gapped sharply higher to Open on Monday, held the gain and later in the day Aggressive Buying (green-at-top) was marked as ES made a new rally high. Green-at-top day-session highs are … [Continue reading]
posted 9.27 a.m. et pre-open comment Monday 26th March Early in Friday's session Buyers Responded (green-at-bottom) to a test of Thursday's low and later in the day they Aggressively auctioned ES higher to the 1395 Resistance. Pre-open today … [Continue reading]
posted 9.19 a.m. et pre-open comment Friday 23rd March This week's price action will have the look of a reversal bar on the weekly chart if there is a weak close today. Also a close below 1392 (Tuesday's low) would mean that this week's … [Continue reading]
posted 9.22 a.m. et pre-open comment Thursday 22nd March All of Wednesday's session was spent above 1395, the minor (10dy) poc. However overnight there has been weakness with ES printing as low as 1386.75 as I write. The 10dy poc at 1395 now … [Continue reading]
posted 9.21 a.m. et pre-open comment Wednesday 21st March On Tuesday Buyers Responded early (red-at-bottom) to a test of the minor (10dy) poc at 1395. The session was spent slowly moving higher but the Value Area generated was lower than … [Continue reading]
posted 9.03 a.m. et pre-open comment Tuesday 20th March Dayframe: The minor (10dy) poc moved up to 1395 on Monday. Pre-open ES has tested this level. Intraday this may be Support or Resistance and could provide a clue re market direction in … [Continue reading]
posted 9.19 am et pre-open comment Monday 19th March Chartprofit Market Timing System is positive for all major Market Charts. ES closed the week above Mon-Wed Range high which means the Weekly Structure was positive indicating Buyers … [Continue reading]
posted 9.24 a.m. et pre-open comment Friday 16th March Note: we now follow the June contract. pre-open ES has printed as high as 1400.50 which is a new rally high for this contract. If ES closes the week above 1394.25 it will be a postive … [Continue reading]
posted 9.14 a.m. et pre-open comment Thursday 15th March Strictly following my Rules I had to mark Responsive Selling (red-at-top) on Wednesday. The Value Area was overlapping/higher and once again I am not going to assume that this slight … [Continue reading]