Daily analysis - Stock Market, Bonds, Forex and more
posted 9.12 a.m. et pre-open comment Thursday 28th June Wednesday's Value Area was generated entirely above 1514.50 (50dypoc) but ES has yet to print as high as last week's composite VAL at 1333 so this is not a particularly impressive … [Continue reading]
posted 9.13 a.m. et pre-open comment Wednesday 27th June Aggressive Buyers were active on Tuesday generating a higher/wider Value Area. On the longer timeframe this can be viewed as Responsive Activity because both Value Areas this week have … [Continue reading]
posted 9.19 a.m. et pre-open comment Tuesday 26th June I wrote pre-open yesterday that 1314.50, the 50dypoc, may be intraday Support or Resistance at the start of this week. This would give a clue re ST direction. ES rejected this level … [Continue reading]
posted 8.30 a.m. et pre-open comment Monday 25th June The Chartprofit Market Timing System remained negative for Nyse and Nasdaq and neutral for the UK. %Stocks>50dyma numbers (all major Market Charts) have not yet printed above the 50% … [Continue reading]
posted 9.28 a.m. et pre-open comment Friday 22nd June Longframe: This week we have been looking for positive confirmation of the improving ST analysis, see comments from earlier in the week. Unfortunately, this week's Key Charts have not … [Continue reading]
posted 6.45 a.m. et pre-open comment Thursday 21st June Wednesday was a very volatile day but chart held First Level Support at 1334.50 which is strong price location. ES printed an overlapping/lower, wider Value Area on increased Volume. … [Continue reading]
posted 9.22 a.m. et pre-open comment Wednesday 20th June On Tuesday, ES printed a higher/narrower Value Area generating less Volume. Chart has climbed a long way in just two weeks and may need to pause but as long as First Level Support holds … [Continue reading]
posted 5a.m. et pre-open comment Tuesday 19th June Note: this was posted at 5a.m. On Monday I marked Aggressive Buying (green-at-top) auctioning ES to the 30dy VAH and a 25day high. Three consecutive days of Aggressive Buying is often a … [Continue reading]
pre-open comment Monday 18th June Weekly Structure: ES closed the week within the Mon-Wed Hi-Lo range which indicates no bias on this timeframe. Previous week saw Buyers Active. Last week I marked Significant Selling twice (on Monday) and … [Continue reading]
posted 9.24 a.m. et pre-open comment Friday 15th June On Thursday ES (June) generated a sixth consecutive Value Area above the 1307 poc and I marked both Responsive and Aggressive Buying. These are usually ST positives. However, the Chartprofit … [Continue reading]