Daily analysis - Stock Market, Bonds, Forex and more
posted 5.27 a.m. et Pre-open comment Tuesday 29th November Overnight the 8month poc migrated higher to 1196. ES rallied strongly on Monday. This may be just a rally to relieve the technically oversold condition and to frustrate the Bears we … [Continue reading]
posted 9.17 a.m. et Pre-open comment Monday 28th November Last week I marked two instances of Significant Selling and no Significant Buying. Breadth is not supportive. The Chartprofit Market Timing System is now negative for all Major Markets. … [Continue reading]
posted 8.12 a.m. et Pre-open comment Friday 25th November Aggressive Selling was marked late in the day on Wednesday (red-at-bottom). Overnight ES has reached a 34day low at 1147.50. I see a (very minor) positive price/momentum divergence … [Continue reading]
posted 9.29 a.m. et Pre-open comment Wednesday 23rd November ES Momentum is weak and %Stocks>50dyma numbers for both Nyse and Nasdaq are less than 50 which is a further indication of weakness. Overnight ES has printed a 28day low … [Continue reading]
posted 5.05 a.m et Pre-open comment Tuesday 22nd November ES (and SPY) found Support on Monday just above yesterday's Second Level Support which was the 1/2R off Oct low - these levels become today's First Level Support. The poc at 1189 (see … [Continue reading]
posted 6a.m. et Pre-open comment Monday 21st November Last week I marked Significant Buying once and Significant Selling twice. Friday closed below Mon-Wed range and below the previous week's low which is Significant Selling on this … [Continue reading]
posted 9.25 a.m. et Pre-open comment Friday 18th November Aggressive Selling was marked for the second time this week generating a lower,wider Value Area on increased Volume. ES tested the Major Support at 1214.50. Time printed below that … [Continue reading]
posted 9.05 a.m. et Pre-open comment Thursday 17th November ES repeated the rare pattern of an Aggressive Buying day being followed by an Aggressive Selling day, highlighting the uncertain/volatile nature of the current market. Pre-open ES has … [Continue reading]
posted 9.29 a.m. et Pre-open comment Wednesday 16th November from pre-open comment Thur 10th Nov >>in this highly volatile, news driven market it is safer to rely on the implications of price location and look slightly longer … [Continue reading]
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]