Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. et Pre-open comment Tuesday 15th November ES just about held above the bottom of the Support band (1244) during Monday's day session but overnight has printed as low as 1234 (currently prints 1243 pre-open). EURUSD is a key … [Continue reading]
posted 8.40 a.m. et Pre-open comment Monday 14th November Longframe:The Chartprofit Market Timing System is positive for all Major Market Charts. Friday closed within Mon-Wed range which does not indicate a bias. %Stock/50dyma numbers for … [Continue reading]
posted 9.17 a.m. et Pre-open comment Friday 11th November I gave 1st Level Support yesterday as 1224 (this has migrated) and the day session low came in at 1224.50. In the ST it's encouraging when 1st Level Support holds. I also gave 1st … [Continue reading]
posted 9.21 a.m. et Pre-open comment Thursday 10th November In the dayframe analysis here you can see Aggressive Buying marked on Tuesday and Aggressive Selling marked the following day (Wednesday). That's a rare pattern. The Aggressive … [Continue reading]
posted 5.10 a.m. et Pre-open comment Wednesday 9th November Please note that my circumstances today dictate I write this at 5am ET. Market could look very different by 9am. ES currently 1251 as I write. I marked Aggressive Buying again on … [Continue reading]
posted 5.10 a.m. et Pre-open comment Tuesday 8th November Strictly applying my own rules I had to mark Aggressive Buying on Monday but only just as ES probed the top of the 3day range. The Value Area was overlapping so this was not Effective … [Continue reading]
posted 8.35 a.m. est Pre-open comment Monday 7th November The Chartprofit Market Timing System stayed positive for all US Market Charts. UK went back to neutral. Dayframe: Overnight ES has probed up towards Resistance at 1249. The 30dy poc … [Continue reading]
posted 9.29 a.m. ET Pre-open comment Friday 4th November Dayframe: ES found low on Thursday at 1st Level Support which is encouraging. I also marked Aggressive Buying (green-at-top) which is usually a positive in the ST. My minor concern on the … [Continue reading]
posted 9.29 a.m. et Pre-open comment Thursday 3rd November ES has so far held 1/2R Support at 1214.50 but I have not marked Significant Buying since the Selling three days ago. The LT analysis still looks supportive but Buyers active on this … [Continue reading]
posted 9.45 a.m ET Post-open comment Wednesday 2nd November ES has not convincingly broken the 1/2R Support at 1214.50 but also there has been no convincing Response from the Buyers. Should the 1214.50 Support be broken I would be very … [Continue reading]