Daily analysis - Stock Market, Bonds, Forex and more
posted 08.55 a.m. est pre-open comment Friday 14th December On Thursday I marked Aggressive Selling for the second day running. As you know these red-at-bottom lows have a high chance of being tested during the following session. Thursday's … [Continue reading]
posted 9.18 a.m. est pre-open comment Thursday 13th December Strictly applying my rules I had to mark Aggressive Selling (red-at-bottom) on Wednesday. This was not Effective Selling as the Value Area was overlapping/higher and wider than … [Continue reading]
posted 9.15 a.m. est pre-open comment Wednesday 12th December On Tuesday ES Opened above the 12mn VAH and Sellers did not Respond as they did on 12/03 (see yesterday's comments). There is no obvious Resistance level but the 6mn VAH comes in at … [Continue reading]
posted 9.25 a.m. est pre-open comment Tuesday 11th December We now have three consecutive Value Areas printed above 1406 since the major poc migrated to that level. Significant Buying marked above that level would be a further positive. … [Continue reading]
posted 9.16 a.m. est pre-open comment Monday 10th December Last week I marked Significant Selling twice and Significant Buying once. Sellers Responded early in the week to a probe above the 12 month VAH at 1416 and then subsequently Buyers … [Continue reading]
posted 9.20 a.m. est pre-open comment Friday 7th December Thursday generated an inside Value Area on low Volume. High of the session came in at our First Level Resistance. On a 30minute basis the major poc (and 50dy poc) migrated to 1406 and … [Continue reading]
posted 9.17 a.m. est pre-open comment Thursday 6th December Buyers Responded (green-at-bottom) on Wednesday at exactly yesterday's First Level Support which is the 1397 major poc. ES was then auctioned higher to probe yesterday's First Level … [Continue reading]
posted 9.27 a.m. est pre-open comment Wednesday 5th December Tuesday's session generated a lower, narrower Value Area. No Significant Buying or Selling was marked. Little to add to Tuesday's comments (highlighted). See also Supporting Charts … [Continue reading]
posted 9.55 a.m. est pre-open comment Tuesday 4th December On Monday I marked both Responsive and Aggressive Selling. The Value Area was overlapping so this cannot be called Effective Selling, even so, new Long trades are now eliminated for me … [Continue reading]
posted 9.13 a.m. est pre-open comment Monday 3rd December ES closed the week above the high of Mon-Wed Hi-Lo Range. This indicates Buyers Active for the second week on this timeframe. Breadth: Nyse Market Chart turned positive, Nasdaq … [Continue reading]