Daily analysis - Stock Market, Bonds, Forex and more
posted 9.22 a.m. et Pre-open comment Monday 27th February Longframe: Weekly Structure showed no bias (previous week, w/e 02/17, showed Buyers Active). Chartprofit Market Timing System remained positive for all Major Market Charts. Friday was 91 … [Continue reading]
posted 9.21 a.m. et Pre-open comment Friday 24th February Buyers Responded early in Thursday's session (green-at-bottom) to a test below Wednesday's low. Later in the day Aggressive Buying was marked (green-at-top). This was the third time … [Continue reading]
posted 9.05 a.m. et Pre-open comment Thursday 23rd February The ST bullish trend pattern whereby the minor poc migrates higher and then ES consolidates above it remains intact. Currently this would be put to the test if a Value Area gets … [Continue reading]
posted 9.27 a.m. et Pre-open comment Wednesday 22nd February The LT analysis remains positive and until I mark Effective Selling below 1346 I am forced to assume higher but the negatives are stacking up. 1 I mentioned in Friday's webcast that … [Continue reading]
posted 9.17 a.m. et Pre-open comment Monday 20th February Last week I marked Significant Selling (Ineffective) once and Significant Buying twice. See last Wednesday's pre-open comment highlighted on the graphic. Weekly Structure: Buyers … [Continue reading]
posted 9.27 a.m. et Pre-open comment Friday 17th February Following the Ineffective Selling on Wednesday, Buyers Responded immediately after Thursday's Open (green-at-bottom) and quickly auctioned ES back above the minor poc at 1346. Later in … [Continue reading]
posted 9.26 a.m. et Pre-open comment Thursday 16th February On Wednesday I marked Aggressive Selling for the first time in weeks but although Sellers are active this was not Effective Selling - the Value Area was overlapping/higher than … [Continue reading]
posted 9.27 a.m. et Pre-open comment Wednesday 15th February For most of Wednesday's session the minor poc at 1346 provided Resistance (twice) but later in the day ES rallied above that level putting it back in a strong price location. 1346 is … [Continue reading]
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]