Daily analysis - Stock Market, Bonds, Forex and more
posted 08.50 a.m. est pre-open comment Wednesday 27th February Tuesday generated a lower, narrower Value Area on less Volume. In the p.m. ES managed to rally back and test the 1495 poc and pre-open today has printed as high as 1497. Sampling … [Continue reading]
posted 08.55 a.m. est pre-open comment Tuesday 26th February On Monday I marked both Responsive (red-at-top) and Aggressive (red-at-bottom) Selling. Note that red-at bottom lows are tested 80% of the time within a day or two. Monday's Value … [Continue reading]
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posted 09.02 a.m. est pre-open comment Monday 25th February A number of Sentiment indicators are at, or close to a Bullish extreme which is a concern but the sell-off mid-week worked off some of the "overboughtness" (see below). Both the LT … [Continue reading]
ChartProfit Webcast 22nd February … [Continue reading]
posted 08.16 a.m. est pre-open comment Friday 22nd February ES found its session low at 1495, our exact First Level Support (see yesterday's comments). This is now minor proven Support and ST Bulls would hope this level holds. Price below 1495 … [Continue reading]
posted 08.35 a.m. est pre-open comment Thursday 21st February ES sold off sharply late in the session. Aggressive Selling (red-at-bottom) was marked but the Value Area was overlapping the previous VA. I classify marked Selling as "Effective" … [Continue reading]
posted 07.45 a.m. est pre-open comment Wednesday 20th February ES broke higher on Tuesday and Significant Buying was marked. The entire session was above the First Level Support at 1517.50 which is the 30day poc. First Level Support = … [Continue reading]
posted 09.12 a.m. est pre-open comment Tuesday 19th February A number of Sentiment indicators are at, or close to a Bullish extreme which is a concern and the market is overbought. But both the LT and ST analysis remain positive. First sign of … [Continue reading]
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