Daily analysis - Stock Market, Bonds, Forex and more
posted 9.28 a.m. et Pre-open comment Tuesday 14th February It has now been 38 days since I marked Aggressive Selling. Dayframe: The Minor poc (16dy) migrated again; to 1346 which is now First Level S/R. Good reference for today. If ES can … [Continue reading]
posted 9.22 a.m. et Pre-open comment Monday 13th February Chartprofit Market Timing System remained positive for all Major Market Charts. Re the %Stocks>50dyma indicator - numbers above 50% are considered supportive but in fact numbers are … [Continue reading]
posted 7.30 a.m. et Pre-open comment Friday 10th February ES continued to grind higher, generating another overlapping/higher Value Area. Significant Sellers still absent here. See Sentiment comments below. Dayframe: Average Hi-Lo weekly … [Continue reading]
posted 2 a.m. et Pre-open comment Thursday 9th February Note: this was written in the early hours of the morning EST. Since the major poc migrated higher to 1307 ES has moved quickly higher. In the dayframe as long as ES holds above First … [Continue reading]
posted 9.23 a.m. et Pre-open comment Wednesday 8th February Buyers were marked on Tuesday, Responding (green-at-bottom) to a probe below the low of the last two sessions and Aggressively (green-at-top) later in the day. It has now been 34 days … [Continue reading]
posted 9.10 a.m. et Pre-open comment Tuesday 7th February Monday consolidated the gains made on Friday. In the dayframe as long as ES holds above First Level Support at 1322.50 or until Effective Selling is marked I have to assume higher … [Continue reading]
posted 8.52 a.m. et Pre-open comment Monday 6th February Major poc migrated up to 1307 last week. This is now an important level to monitor. In the LT as long as ES holds above this level I would expect higher. The Chartprofit Market Timing … [Continue reading]
posted 9.26 a.m. et Pre-open comment Friday 3rd February ES spent the last two sessions consolidating above 1313 which kept it in a strong price location (see pre-open comment Tuesday). The minor poc of the range shown on this chart (seven … [Continue reading]
posted 9.29 a.m. et Pre-open comment Thursday 2nd February ES negated Tuesday's Responsive Selling by printing above 1318. Very little to add to Wednesday's comments (highlighted on graphic). 1313 is the minor 1/2R off last week's … [Continue reading]
posted 9.28 a.m. et Pre-open comment Wednesday 1st February Responsive Selling (red-at-top) was marked on Tuesday but not Effective Selling as the Value Area was overlapping/higher. The selling imbalance will be negated if ES prints above 1318 … [Continue reading]