Daily analysis - Stock Market, Bonds, Forex and more
posted 9.21 a.m. est Pre-open comment Thursday 12th May My ST reading of the market going into Wednesday's session (see above) went wrong very quickly. I had anticipated support around 1349.50 (minor 1/2R), a test of Tuesday's green-at-top … [Continue reading]
posted 9.30a.m. est Pre-open comment Wednesday 11th May Tuesday: Aggressive Buying was marked which means that Short Trades are now eliminated for me until Selling is marked again. Both Monday and Tuesday session lows came in at the given … [Continue reading]
If ES session Close is above 1352 I will very likely mark Buying on today's Profile and that will be above the 1/2R Resistance at 1349.50, see previous comments below. from pre-open comment Tuesday 3rd May >>In the longer timeframe as long … [Continue reading]
posted 8.39 a.m. est Pre-open comment Tuesday 10th May Monday's session low came in at the given First Level S/R and overnight ES has probed up to test the First Level Resistance at 1349.50. The minor poc (20day) migrated to 1344 and pre-open … [Continue reading]
webcast 9th May … [Continue reading]
posted 8.30 a.m. est Pre-open comment Monday 9th May Last week I marked two instances of Significant Selling and no Significant Buying. The major poc Support at 1327 was tested very briefly on Thursday and the minor 1/2R tested briefly on … [Continue reading]
posted 9.29 a.m. est Pre-open comment Friday 6th May Thursday's high was a slight test of the 1344 minor level of Resistance and then sold off down to the major support at 1327 - both levels given pre-open yesterday. There was a brief test of … [Continue reading]
webcast 5th May … [Continue reading]
posted 9.29 a.m. est Pre-open comment Thursday 5th May Last two days we've seen lower Value Areas and the previous day's poc (dotted) has not been exceeded during the day session. I've noted this before and it's a weak pattern. Wednesday's … [Continue reading]
posted 04.30 a.m. est Pre-open comment Wednesday 4th May Tuesday saw further weakness following Monday's Aggressive Selling. Session close was below previous two lows and that pattern usually indicates a further low test (Tuesday's … [Continue reading]