Daily analysis - Stock Market, Bonds, Forex and more
Stock markets are known to follow certain time cycles with one of the most notable being the ten year or "Decennial Cycle". The famous stock market trader, William D. Gann applied it to his trading strategies as long ago as the 1920s. And today … [Continue reading]
posted 9.19 a.m. et pre-open comment Tuesday 15th May Difficult to find anything positive to say. Significant Sellers have not been marked for six days and yet ES is lower and still no response from the Significant Buyers (see Monday's … [Continue reading]
posted 9.26 a.m. et pre-open comment Monday 14th May I did not mark Significant Selling at all last week so the Buyers were given plenty of opportunity to Respond but they did not. That's not encouraging. And, the last four Value Areas were … [Continue reading]
posted 9.23 a.m. et pre-open comment Friday 11th May Once again there is little comment to add. This week ES has printed three Value Areas entirely below 1366, the maj poc. This is weak price location. unless the chart recovers quickly back … [Continue reading]
posted 9.19 a.m. et pre-open comment Thursday 10th May There is little to add today to previous comments. ES printing below the 1366poc is weak price location. First minor sign of strength would be time spent above 1366 but I will not … [Continue reading]
posted 9.28 a.m et pre-open comment Wednesday 9th May One of the real concerns is the lack of major Support for ES around current levels. The next significant poc Support on the Daily Chart is down at 1313. ES is currently printing below the … [Continue reading]
posted 9.26 a.m. et pre-open comment Tuesday 8th May For the reassons mentioned over the last few days I remain very cautious here, see highlighted comments on graphic. Overnight ES probed up into the 1366 poc but pre-open is printing 1358. … [Continue reading]
posted 9.05 a.m. et pre-open comment Monday 7th May Last week I marked Significant Selling three times and no Significant Buying. On Friday Aggressive Selling was marked on a day weak enough to test the 1366 poc. Pre-open today ES has … [Continue reading]
posted 9.06 a.m. et pre-open comment Friday 4th May On Thursday I marked Responsive Selling (red-at-top) and Aggressive Selling (red-at-bottom). New long trades are now eliminated for me until I mark Significant Buying (green). Thirty minutes … [Continue reading]
posted 9.21 a.m. et pre-open comment Thursday 3rd May ES has printed consistently in the price area around 1395 but not enough yet to lift the 4month poc to this level. Please read Tuesday's comments (highlighted on graphic). The 2month VAH is … [Continue reading]