Daily analysis - Stock Market, Bonds, Forex and more
posted 8.16 a.m. et pre-open comment Monday 23rd April Last week I marked Significant Selling once and no Significant Buying. Friday generated a narrower, overlapping Value Area on less Volume and closed weakly. Overnight ES has printed below … [Continue reading]
posted 9.08 a.m. et pre-open comment Friday 20th April ES tested the First Level Resistance 1386 early in the session and this was rejected. Subsequently ES fell sharply to test the major Support at the 1366 4mnth poc and found Support. As I … [Continue reading]
posted 9.19 a.m. et pre-open comment Thursday 19th April Wednesday generated a relatively narrow Value Area but held above First Level Support at 1375. Overnight ES has tested above the 1386 1/2R but this was rejected and pre-open ES looks as … [Continue reading]
posted 05.34 a.m. et pre-open comment Wednesday 18th April Note: this was written fours hours before Open. On Tuesday ES rallied to test the Resistance at 1386 1/2R off March high. If time is printed above this level it will put the chart … [Continue reading]
posted 9.20 a.m. et pre-open comment Tuesday 17th April On Monday ES found Resistance at 1375 (given) early in the session and then spent the rest of the session ranging around (and further building) the 4mnth poc at 1366. Pre-open today ES … [Continue reading]
posted 8.56 a.m. et pre-open comment Monday 16th April Last week both Significant Buyers and Sellers were active trying to auction ES directionally away from the important 1366 poc. Neither were successful with ES closing the week very close … [Continue reading]
posted 7.45 a.m. et pre-open comment Friday 13th April Both levels given pre-open yesterday provide Support and Resistance. The session low came in almost immediately after the Open as the 1366 poc (given) was tested and rejected. … [Continue reading]
In the pre-open today I wrote.. >>Wednesday generated a very tight Value Area. Most time was spent printing 1366, enough in fact for the 4month poc to migrate up to this level. This increases the significance of 1366. Significant Buying … [Continue reading]
posted 9.15 a.m. et pre-open comment Thursday 12th April Wednesday generated a very tight Value Area. Most time was spent printing 1366, enough in fact for the 4month poc to migrate up to this level. This increases the significance of 1366. … [Continue reading]
posted 9.08 a.m. pre-open comment Wednesday 11th April Tuesday generated a lower, wider Value Area on increased volume. Aggressive Sellers were marked below the 1366 poc which means we need to be extremely cautious of this market. As an … [Continue reading]