Daily analysis - Stock Market, Bonds, Forex and more
posted 9.28 a.m. edt Pre-open comment Wednesday 17th August Back from vacation - review: The Major poc at 1094 was tested overnight on Tues 9th August but held during the day sessions. Aggressive Buying was marked twice last week and … [Continue reading]
I'm on vacation as you know but checked a few levels this morning. ES: On Tuesday ES briefly tested the major poc at 1094 but recovered quickly. SPY: Halfway point between the 2007 high and the 2008 low is 112.31. SPY tested that level earlier … [Continue reading]
posted 9.21 a.m. edt Pre-open comment Friday 5th August Aggressive Selling was marked again on Thursday with ES down hard; almost to 1178 which is a previous poc. In the context of the recent decline this would be considered Minor Support … [Continue reading]
posted 9.27 a.m. edt Pre-open comment Thursday 4th August Tuesday's red-at-bottom low was tested on Wednesday and for the first time in nine days I marked Significant Buyers - Responding as the March low was tested. As noted already, what's … [Continue reading]
posted 9.28 a.m. edt Pre-open comment Wednesday 3rd August Aggressive Selling marked again on Tuesday. These red-at-bottom lows are usually tested within one or two days. Technically, the market is reaching oversold, e.g. the SPX RSI(14) … [Continue reading]
webcast 2nd August … [Continue reading]
posted 9.29 a.m. edt Pre-open comment Tuesday 2nd August Monday pre-open there was a rejeceted price probe above the major poc at 1308; also SPY was rejected above 131.23. This was followed by Sellers Responding (red-at-top) immediately the … [Continue reading]
posted 9.27 a.m. edt Pre-open comment Monday 1st August Longframe: Chartprofit Market Timing System remained negative. %Stocks>50dyma below 50% for all major charts. Breadth is not supportive. Weekly Structure is weak. Six days ago … [Continue reading]
posted 9.28 a.m. edt Pre-open comment Friday 29th July Aggressive Sellers marked again. We now have three levels which are very close in the time they have attracted over the last six months. These are 1327, 1315 and 1308. One of these … [Continue reading]
posted 9.29 a.m. edt Pre-open comment Thursday 28th July The Bearish scenario as outlined at the start of the week appears to be the one playing out. i.e. rejection of the probe above LT VAH and Significant Selling marked below 1315. We now … [Continue reading]