Daily analysis - Stock Market, Bonds, Forex and more
posted 5.05 a.m. edt Pre-open comment Thursday 18th August A probe above the 8dyVAH at 1199 was rejected early in Wednesday's session. An overlapping VA was generated and the 20dy poc migrated lower from 1196 to 1183. No Selling imbalance … [Continue reading]
webcast 17th August … [Continue reading]
posted 9.28 a.m. edt Pre-open comment Wednesday 17th August Back from vacation - review: The Major poc at 1094 was tested overnight on Tues 9th August but held during the day sessions. Aggressive Buying was marked twice last week and … [Continue reading]
I'm on vacation as you know but checked a few levels this morning. ES: On Tuesday ES briefly tested the major poc at 1094 but recovered quickly. SPY: Halfway point between the 2007 high and the 2008 low is 112.31. SPY tested that level earlier … [Continue reading]
posted 9.21 a.m. edt Pre-open comment Friday 5th August Aggressive Selling was marked again on Thursday with ES down hard; almost to 1178 which is a previous poc. In the context of the recent decline this would be considered Minor Support … [Continue reading]
posted 9.27 a.m. edt Pre-open comment Thursday 4th August Tuesday's red-at-bottom low was tested on Wednesday and for the first time in nine days I marked Significant Buyers - Responding as the March low was tested. As noted already, what's … [Continue reading]
posted 9.28 a.m. edt Pre-open comment Wednesday 3rd August Aggressive Selling marked again on Tuesday. These red-at-bottom lows are usually tested within one or two days. Technically, the market is reaching oversold, e.g. the SPX RSI(14) … [Continue reading]
webcast 2nd August … [Continue reading]
posted 9.29 a.m. edt Pre-open comment Tuesday 2nd August Monday pre-open there was a rejeceted price probe above the major poc at 1308; also SPY was rejected above 131.23. This was followed by Sellers Responding (red-at-top) immediately the … [Continue reading]
posted 9.27 a.m. edt Pre-open comment Monday 1st August Longframe: Chartprofit Market Timing System remained negative. %Stocks>50dyma below 50% for all major charts. Breadth is not supportive. Weekly Structure is weak. Six days ago … [Continue reading]