Daily analysis - Stock Market, Bonds, Forex and more
posted 9.22 a.m. et pre-open comment Friday 27th July ES gapped higher to Open on Thursday and the day session gap is still there. A brief probe below the 5month poc at 1348 was rejected. This is First Level Support and price below that level … [Continue reading]
posted 8.43 a.m. et pre-open comment Thursday 26th July Following comments from the ECB, the market has spiked higher pre-open. ES will very likely print above 1346 (Tuesday's session high) in today's session and that would negate the negative … [Continue reading]
posted 9.27 a.m. et pre-open comment Wednesday 25th July On Tuesday I marked Aggressive Selling (red-at-bottom). A lower, wider VA was generated on increased Volume. Pre-open ES prints back above the 1/2R at 1334.50 but other major charts … [Continue reading]
posted 9.23 a.m. et pre-open comment Tuesday 24th July ES was much weaker at the Session Open on Monday but found Support at the First Level which was the 1/2R at 1334.50. Therefore this chart is not yet in a weakened price location i.m.o. (SPY … [Continue reading]
posted 9.18 a.m. et pre-open comment Monday 23rd July Note: The new low today in the EURUSD and re-ignited eurozone fears mean the U.S. markets will Open much weaker today. I will be uploading a short video about one hour into the session today … [Continue reading]
posted 9.28 a.m. et pre-open comment Friday 20th July Like Wednesday, Thursday generated a higher, narrower Value Area on reduced Volume but no obvious Response yet from the Sellers. As per previous comments, it is worth noting that the 6month … [Continue reading]
posted 9.26 a.m. et pre-open comment Thursday 19th July Tuesday's green-at-top high quickly exceeded as they usually are (80% tested with a day or two). All the Key Charts we have been monitoring are now printing above their 1/2R Levels off … [Continue reading]
posted 7.20 a.m. et pre-open comment Wednesday 18th July After an initial decline on Tuesday, Buyers Responded (green-at-bottom) and auctioned ES quickly back above the 5month poc at 1346. Aggressive Buying was marked later in the session. … [Continue reading]
posted 9.22 a.m. et pre-open comment Tuesday 17th July On Monday ES produced a narrower, overlapping Value Area but printed enough time at 1346 to migrate the 5month poc to this level. This is now important to monitor as First Level Support. … [Continue reading]
posted 9.22 a.m. et pre-open comment Monday 16th July On Friday ES Opened just below the 1/2R at 1334.50 and immediately rallied above it. Aggressive Buying was marked later in the day with ES closing strongly. The Value Area was higher … [Continue reading]