Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. ET Pre-open comment Thursday 20th October Wednesday's session was generated inside Tuesdays. Overnight ES has probed up into the 1214.50 1/2R and found Resistance. Currently printing 1206. We have proven levels of Support … [Continue reading]
posted 9.17 a.m. ET Pre-open comment Wednesday 19th October Buyers Responded strongly to a probe of the 1189 poc early in the session (see yesterday's highlighted comments) and Aggressive Buying was marked later in the day (green-at-top) … [Continue reading]
posted 9.29 a.m. ET Pre-open comment Tuesday 18th October Aggressive Selling (red-at-bottom) was marked on Monday. Overnight the 4month poc at 1189 has been tested. Pre-open today ES has printed as high as 1198.50 (Monday's poc = … [Continue reading]
posted 9.23 a.m. ET Pre-open comment Monday 17th October Last week I marked Significant Buying twice. There has been no Significant Selling marked for nine days. The Chartprofit Market Timing System turned neutral (from negative) for both the … [Continue reading]
posted 9.29 a.m. ET Pre-open comment Friday 14th October ES printed enough time at 1189 to lift the 4month poc to this level (see Monday's pre-open comment highlighted on graphic). If ES holds above this level and prints time above the 1/2R at … [Continue reading]
posted 9.29 a.m. ET Pre-open comment Thursday 13th October Wednesday was the sixth consecutive day of higher highs and higher lows. ES probed very briefly above 1st Level Resistance at 1214.50 but pre-open today has printed as low as 1190, just … [Continue reading]
posted 7.25 a.m. ET Pre-open comment Wednesday 12th October Tuesday tested Monday's green-at-top high and Sellers have not Responded so far. ES is currently printing above the 2month VAH and almost registering overbought by my criteria - ie … [Continue reading]
posted 8.27 a.m. ET Pre-open comment Tuesday 11th October Aggressive Buying was marked again. Usually (80%) a green-at-top high is tested the following day but that stat is less reliable follwoing a gap day which Monday was. Value Area was … [Continue reading]
posted 8.38 a.m. Pre-open comment Monday 10th October Chartprofit Market Timing system remained negative for the twelth consecutive week. %Stocks>50dyma numbers stayed well below 50. Breadth is not supportive. Last week I marked … [Continue reading]
posted 9.27 a.m. ET Pre-open comment Friday 7th October Aggressive Buying was marked again on Thursday. Green-at-top highs are tested the following day 80% of the time and this one almost certainly will be as ES has printed as high as 1173.75 … [Continue reading]